TCM Chapter 8 Exam Latest Update
A forecasting technique that takes the average demand for some past number of
periods is called: - Answer moving averages
Select the one best answer from the following: - Answer The seasonal index is an
estimate of how much the demand during the season will be above or below the average
demand
seasonality ALWAYS occurs in summer, winter, spring and fall
Select the one best answer from the following: - Answer deseasonalized data should be
used for forecasting
seasonalize the base forecast to predict actual demand for future periods
Forecast error will be caused by: - Answer random variation from the average demand
A firm manufactures a line of vacuum cleaners composed of standard, custom and
deluxe models. All are essentially the same except for the options and add-ons. What
should they forecast? - Answer the total of all models
Which of the following is NOT a source of demand? - Answer Stockholders
What important assumption is made about statistical (quantitative) forecasting
methods? - Answer the past is a valid indicator of the future
Which of the following methods can be used to forecast the demand for a NEW product?
- Answer qualitative techniques
Which of the following is NOT a component of a demand pattern? - Answer standard
deviation
Which of the following is good for short-range forecasts, can detect trends, but lags the
trend? - Answer Exponential smoothing
A forecasting technique that takes the average demand for some past number of
periods is called: - Answer moving averages
Select the one best answer from the following: - Answer The seasonal index is an
estimate of how much the demand during the season will be above or below the average
demand
seasonality ALWAYS occurs in summer, winter, spring and fall
Select the one best answer from the following: - Answer deseasonalized data should be
used for forecasting
seasonalize the base forecast to predict actual demand for future periods
Forecast error will be caused by: - Answer random variation from the average demand
A firm manufactures a line of vacuum cleaners composed of standard, custom and
deluxe models. All are essentially the same except for the options and add-ons. What
should they forecast? - Answer the total of all models
Which of the following is NOT a source of demand? - Answer Stockholders
What important assumption is made about statistical (quantitative) forecasting
methods? - Answer the past is a valid indicator of the future
Which of the following methods can be used to forecast the demand for a NEW product?
- Answer qualitative techniques
Which of the following is NOT a component of a demand pattern? - Answer standard
deviation
Which of the following is good for short-range forecasts, can detect trends, but lags the
trend? - Answer Exponential smoothing
