Quantitative forecast Study guides, Class notes & Summaries
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Op Exam 2 Questions & Answers 2023/2024
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Op Exam 2 Questions & Answers 2023/2024 
 
 
Which forecasting model is based upon salespersons' estimates of expected sales? 
A. jury of executive opinion 
B. market survey 
C. salesforce composite 
D. Delphi method - ANSWER-C. salesforce composite 
 
Which of the following is a quantitative forecasting method? 
A. exponential smoothing 
B. jury of executive opinion 
C. sales force composite 
D. market survey - ANSWER-A. exponential smoothing 
 
A forecast that projects a company's sales is 
...
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WGU C723 Quantitative Analysis For Business Pre Assessment Questions With 100% Correct Answers.
- Exam (elaborations) • 34 pages • 2023
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1 A car stereo company is planning to introduce a new product into the market. It faces stiff competition 
from two other organizations with similar products. The company's marketing manager has asked the 
production manager to perform a break-even analysis using three different price points. The marketing 
manager will use the results to set a price for the new product. 
Which type of method is a break-even analysis? 
O Expert judgment 
O Quantitative 
O Qualitative 
O Payback table - Quantita...
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CPIM Part 1- Certified in Production & Inventory Management (100% Solved)
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4 Ps correct answers `Product, Price, Promotion, Place 
 
Competitive Priorities/Performance Objectives correct answers Cost, Quality, Time, Flexibility 
 
Which trends are easiest to forcasat correct answers Stable demand 
 
Master Scheduling forcast/horizon correct answers Physical units at end item level/3-18 months 
 
Seasonal Index correct answers Period Average Demand/Average Demand of All Periods 
 
Qualitative Techniques correct answers Based on opinion, subjective (market research/busin...
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Test Bank For Evidence Based Practice for Nurses: Appraisal and Application of Research By Schmidt & Brown 3rd Edition Complete 2023-2024
- Exam (elaborations) • 88 pages • 2023
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Test Bank For Evidence Based Practice for Nurses: Appraisal and Application of Research By Schmidt & Brown 3rd Edition Complete . Which of the following is the best definition of research? 
a. Critically thinking about problems that occur in health care to determine possible 
solutions. 
b. Information that is based on personal experience or tradition. 
c. Planned and systematic activity that leads to new knowledge and/or the 
discovery of solutions to problems or questions. 
d. Trying a variety...
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CH 15 - Time Series Analysis and Forecasting
- Exam (elaborations) • 23 pages • 2023
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. If we focus upon the historical data, or past values of the variable to be forecast, we refer to this as a time series method 
of forecasting. 
a. True 
b. False 
ANSWER: True 
POINTS: 1 
DIFFICULTY: Easy 
LEARNING OBJECTIVES: IMS.ASWC.19.15.01 - 15.1 
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking 
TOPICS: 15.1 Time Series Patterns 
KEYWORDS: Bloom's: Remember 
2. Quantitative forecasting methods can be used when past information about the variable being forecast is unavail...
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MAR 3203 UCF Exam 1 Latest Update Graded A+
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MAR 3203 UCF Exam 1 Latest Update 
 
Graded A+ 
 
*** "Today's forecast equals yesterday's actual demand" is referred as the naive approach. 
 
"Next period forecast averages the last 3 months" is referred as a moving average. 
 
*** The forecasting time horizon easiest to predict for Short term 
 
Quantitative forecasting method? Exponential Smoothing 
 
Which forecast error measure is probably the easiest to interpret? MAPE 
 
Relative Estimate size (MAPE) 
 
Absolute Exact number (MAD &...
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WGU C723 Quantitative Analysis For Business Pre Assessment | 54 Questions and Answers(A+ Solution guide)
- Exam (elaborations) • 34 pages • 2023
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1 A car stereo company is planning to introduce a new product into the market. It faces stiff competition 
from two other organizations with similar products. The company's marketing manager has asked the 
production manager to perform a break-even analysis using three different price points. The marketing 
manager will use the results to set a price for the new product. 
Which type of method is a break-even analysis? 
O Expert judgment 
O Quantitative 
O Qualitative 
O Payback table - Quantita...
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BCOR Midterm Exam Questions and Answers | Latest Update 2024 | Rated A+
- Exam (elaborations) • 22 pages • 2024
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Business Problems How much to produce, How much to buy, When to open the store, What 
products to promote? 
Decision making types Strategic decisions, Tactical (managerial) decisions, and operational 
decisions 
Strategic decisions A decision that involves higher-level issues and that is concerned with 
the overall direction of the organization, defining the overall goals and aspirations for the 
organization's future. 
Tactical (Managerial) decisions A decision concerned with how the organizat...
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aPHR Certification Study Guide {updated 2022/2023}
- Summary • 27 pages • 2022
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aPHR Certification Study Guide {updated 2022/2023} 
Human Resource Managment (HRM) - HRM consists of an organization's "people practices" 
- the policies, practices, and systems that influence employees' behavior, attitudes, and performance. 
 
Explain how HRM contributes to an organization's performance 
- Through its practices or process, The HRM influences who works for the organization and how those people work. These human resources, if well managed, have the potential to be a source...
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OP Exam 3 Questions & Answers 2023/2024
- Exam (elaborations) • 10 pages • 2023
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OP Exam 3 Questions & Answers 2023/2024 
 
 
random - ANSWER-The least predictable pattern of time-series variation is called 
 
Delphi Analysis - ANSWER-Which of the following is NOT considered a quantitative forecasting method? 
 
False - ANSWER-The naive forecast may be adapted to take into account a demand trend. 
 
true or false 
 
seasonal - ANSWER-A repeatable pattern of increases or decreases in demand, depending on periods of time of within one year or less, is a time-series pattern cal...
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