SCMT 364- Problem Set 17 Questions
and Answers
What is the term for forecasts used for making day-to-day decisions about meeting demand? - correct
answer-✅Tactical forecasts
What category of forecasting techniques uses managerial judgment in lieu of numerical data? - correct
answer-✅Qualitative techniques
What forecasting technique makes use of written surveys or telephone interviews? - correct answer-
✅Marketing Research
Which qualitative forecasting technique was developed to ensure the input from every participant in the
process is weighted equally? - correct answer-✅Delphi Method
When forecasting demand for new products, sometimes firms will use demand data from similar existing
products to help forecast demand for the new product. What technique is this an example of? - correct
answer-✅Historical Analogy
Often times, firms will work with their partners across the supply chain to develop forecasts and execute
production and distribution between the partners. What technique does this describe? - correct answer-
✅Collaborative planning, forecasting, and replenishment (CPFR).
and Answers
What is the term for forecasts used for making day-to-day decisions about meeting demand? - correct
answer-✅Tactical forecasts
What category of forecasting techniques uses managerial judgment in lieu of numerical data? - correct
answer-✅Qualitative techniques
What forecasting technique makes use of written surveys or telephone interviews? - correct answer-
✅Marketing Research
Which qualitative forecasting technique was developed to ensure the input from every participant in the
process is weighted equally? - correct answer-✅Delphi Method
When forecasting demand for new products, sometimes firms will use demand data from similar existing
products to help forecast demand for the new product. What technique is this an example of? - correct
answer-✅Historical Analogy
Often times, firms will work with their partners across the supply chain to develop forecasts and execute
production and distribution between the partners. What technique does this describe? - correct answer-
✅Collaborative planning, forecasting, and replenishment (CPFR).
