Chapter 4 quiz questions - OPSY 5315
CPFR is
A. complete, planning, forecasting, and replenishment.
B. collaborative, partner, forecasting, and replenishment.
C. collaborative, planning, forecasting, and replenishment.
D. complete, partner, forecasting, and replenishment. - Answer C. collaborative, planning,
forecasting, and replenishment.
What is a data pattern that repeats itself after a period of days, weeks, months, or quarters?
A. seasonality
B. Cycle
C. trend
D. random variation - Answer A. seasonality
Which of the following is the FIRST step in a forecasting system?
A. Determine the use of the forecast.
B. Select the items to be forecasted.
C. Select the forecast model(s).
D. Determine the time horizon of the forecast. - Answer A. Determine the use of the forecast.
Which forecasting model is based upon salespersons' estimates of expected sales?
A. Delphi method
B. sales force composite
C. market survey
D. jury of executive opinion - Answer B. sales force composite
Which of the following is a quantitative forecasting method?
A. sales force composite
B. exponential smoothing
, C. jury of executive opinion
D. market survey - Answer B. exponential smoothing
A tracking signal
A. cannot be used with exponential smoothing.
B. that is negative indicates that demand is greater than the forecast.
C. is computed as the mean absolute deviation (MAD) divided by the running sum of the
forecast errors (RSFE).
D. is a measurement of how well a forecast is predicting actual values. - Answer D. is a
measurement of how well a forecast is predicting actual values.
A forecast that projects a company's sales is
A. an environmental forecast.
B. an economic forecast.
C. a demand forecast.
D. a technological forecast. - Answer C. a demand forecast.
Which one of the following statements is NOT true about the forecasting in the service sector?
A. Detailed forecasts of demand are not needed.
B. Forecasting in the service sector presents some unusual challenges.
C. Hourly demand forecasts may be necessary.
D. Demand patterns are often different from those in non-service sectors. - Answer A.
Detailed forecasts of demand are not needed.
The forecasting time horizon that would typically be easiest to predict for would be the
A. long range.
B. medium range.
C. intermediate range.
D. short range. - Answer D. short range.
Which forecasting method considers several variables that are related to the variable being
predicted?
CPFR is
A. complete, planning, forecasting, and replenishment.
B. collaborative, partner, forecasting, and replenishment.
C. collaborative, planning, forecasting, and replenishment.
D. complete, partner, forecasting, and replenishment. - Answer C. collaborative, planning,
forecasting, and replenishment.
What is a data pattern that repeats itself after a period of days, weeks, months, or quarters?
A. seasonality
B. Cycle
C. trend
D. random variation - Answer A. seasonality
Which of the following is the FIRST step in a forecasting system?
A. Determine the use of the forecast.
B. Select the items to be forecasted.
C. Select the forecast model(s).
D. Determine the time horizon of the forecast. - Answer A. Determine the use of the forecast.
Which forecasting model is based upon salespersons' estimates of expected sales?
A. Delphi method
B. sales force composite
C. market survey
D. jury of executive opinion - Answer B. sales force composite
Which of the following is a quantitative forecasting method?
A. sales force composite
B. exponential smoothing
, C. jury of executive opinion
D. market survey - Answer B. exponential smoothing
A tracking signal
A. cannot be used with exponential smoothing.
B. that is negative indicates that demand is greater than the forecast.
C. is computed as the mean absolute deviation (MAD) divided by the running sum of the
forecast errors (RSFE).
D. is a measurement of how well a forecast is predicting actual values. - Answer D. is a
measurement of how well a forecast is predicting actual values.
A forecast that projects a company's sales is
A. an environmental forecast.
B. an economic forecast.
C. a demand forecast.
D. a technological forecast. - Answer C. a demand forecast.
Which one of the following statements is NOT true about the forecasting in the service sector?
A. Detailed forecasts of demand are not needed.
B. Forecasting in the service sector presents some unusual challenges.
C. Hourly demand forecasts may be necessary.
D. Demand patterns are often different from those in non-service sectors. - Answer A.
Detailed forecasts of demand are not needed.
The forecasting time horizon that would typically be easiest to predict for would be the
A. long range.
B. medium range.
C. intermediate range.
D. short range. - Answer D. short range.
Which forecasting method considers several variables that are related to the variable being
predicted?
