Quantitative Reasoning Final Exam –
Complete Question & Answer Guide
2026/ 2027 Latest Update
In analyzing a problem, you should normally study:
a. the qualitative aspects.
b. the quantitative aspects.
c. both a and b.
d. neither a nor b. - correct answer-c
Quantitative Analysis is:
a. a logical approach to decision making.
b. a non-logical approach to decision making.
c. a scientific approach to decision making.
d. all of the above. - correct answer-c
Quantitative Analysis is:
a. a logical approach to decision making.
b. a non-logical approach to decision making.
, c. a scientific approach to decision making.
d. all of the above. - correct answer-c
A forecasting model that only uses historical data for the variable being forecast is
called a
a. Time-series Model.
b. Casual Model.
c. Delphi Model.
d. Variable Model. - correct answer-a
A trend equation is a regression equation in which:
a. there are multiple independent variables.
b. the intercept and the slope are the same.
c. the dependent variable is time.
d. the independent variable is time. - correct answer-d
Which of the following is used to alert the user of a Forecasting Model that a
significant error occurred in one of the periods?
a. seasonal index.
b. smothering constant.
c. a tracking signal.
d. regression co-efficient. - correct answer-c
In using marginal analysis, an additional unit should be stocked if:
a. MP = ML
Complete Question & Answer Guide
2026/ 2027 Latest Update
In analyzing a problem, you should normally study:
a. the qualitative aspects.
b. the quantitative aspects.
c. both a and b.
d. neither a nor b. - correct answer-c
Quantitative Analysis is:
a. a logical approach to decision making.
b. a non-logical approach to decision making.
c. a scientific approach to decision making.
d. all of the above. - correct answer-c
Quantitative Analysis is:
a. a logical approach to decision making.
b. a non-logical approach to decision making.
, c. a scientific approach to decision making.
d. all of the above. - correct answer-c
A forecasting model that only uses historical data for the variable being forecast is
called a
a. Time-series Model.
b. Casual Model.
c. Delphi Model.
d. Variable Model. - correct answer-a
A trend equation is a regression equation in which:
a. there are multiple independent variables.
b. the intercept and the slope are the same.
c. the dependent variable is time.
d. the independent variable is time. - correct answer-d
Which of the following is used to alert the user of a Forecasting Model that a
significant error occurred in one of the periods?
a. seasonal index.
b. smothering constant.
c. a tracking signal.
d. regression co-efficient. - correct answer-c
In using marginal analysis, an additional unit should be stocked if:
a. MP = ML
