l>Chapter 11, Forecasting

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Which expression a lot of closely describes the Delphi forecasting technique?A.customer survey
B.individual opinions
C.series of questionnaires
D.test markets
E.historical data
2.Which of the following statements are true around time-series forecasting?A.Time series evaluation is based on the idea that the history of events over time have the right to be provided to predict the future.
B.Time series analysis tries to understand the system underlying and also bordering the item being forecast.
C.Under time-series techniques, demand deserve to be separated right into components such as average level, trend, seasonality, cycle and also error.
D.Time series methods are helpful for long-selection forecasts as soon as the demand pattern is meant to remajor secure,
E.A, B, and C
F.A and also D
G.All of the above
3.Under exponential smoopoint, if we want At to be incredibly responsive to recent demand, the value of alpha should be:A.Large
E.the value of alpha does not matter
4.Which of the adhering to would certainly not be classified as a time-series technique?A.Simple relocating average
B.Exponential smoothing
C.Box Jenkins technique
D.Leading indicators
E.Trend projections
5.Given that the previous foreactors of 65 turned out to be four units much less than the actual demand. The next foreactors is 66. What would certainly be the worth of alpha if the basic exponential smoothing foreactors strategy is being used?A.0.02
E.namong the above
6.Which of the following would certainly not be classified as a component of demand?A.Trend
E.Causal variation
7._____ model is normally even more precise than ______ version for medium-to-long-array forecasts.A.Time-series decomplace, causal regression
B.Causal regression, time-series decomposition
C.Time-series decomposition, straightforward exponential smoothing
D.Simple exponential smoothing, time-series decomposition
E.Simple exponential smoopoint, causal regression
8.Which of the adhering to is not the a lot of crucial factor in picking a forecasting model?A.Size of forespreading budget
B.time horizon to forecast
C.data availability
D.accuracy meacertain provided by the model
E.availcapability of qualified personnel
9.An accuracy measure that might be supplied to show any type of positive or negative prejudice in the foreactors is:A.Tracking signal
B.Typical absolute deviation
C.Mean squared error
D.Standard error
E.Namong the above
10.A forespreading technique that uses numerous basic forespreading rules and also computer system simulation of these rules on past data is called:A.Simulation
C.Focus forecasting
D.Historical analog

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Namong the above
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