UTA OPMA-3306 Chapter 3 Practice
Exam fully solved 2025-2026
This is a type of forecast used to make long-term decisions, such as where to
locate a warehouse or how many employees to have in a plant next year. - correct
answer ✔✔Strategic forecast
This is the type of demand that is most appropriate for using forecasting models. -
correct answer ✔✔Independent demand
This is a term used for actually influencing the sale of a product or service. -
correct answer ✔✔Demand management
These are the six major components of demand. - correct answer ✔✔Average
demand for the period, trend, seasonal elements, cyclical elements, random
variation, and autocorrelation
This type of analysis is most appropriate when the past is a good predictor of the
future. - correct answer ✔✔Time Series analysis
This is identifying and separating time series data into components of demand -
correct answer ✔✔Decomposition
If the demand in the current week was 102 units and we had forecast it to be 125,
what would be next week's forecast using an exponential smoothing model with
an alpha of 0.3? - correct answer ✔✔118 UNits
Exam fully solved 2025-2026
This is a type of forecast used to make long-term decisions, such as where to
locate a warehouse or how many employees to have in a plant next year. - correct
answer ✔✔Strategic forecast
This is the type of demand that is most appropriate for using forecasting models. -
correct answer ✔✔Independent demand
This is a term used for actually influencing the sale of a product or service. -
correct answer ✔✔Demand management
These are the six major components of demand. - correct answer ✔✔Average
demand for the period, trend, seasonal elements, cyclical elements, random
variation, and autocorrelation
This type of analysis is most appropriate when the past is a good predictor of the
future. - correct answer ✔✔Time Series analysis
This is identifying and separating time series data into components of demand -
correct answer ✔✔Decomposition
If the demand in the current week was 102 units and we had forecast it to be 125,
what would be next week's forecast using an exponential smoothing model with
an alpha of 0.3? - correct answer ✔✔118 UNits
