Forecast that reflect very little happenstance fluctuation in the

Question 1

  1. Forecast that reflect very little happenstance fluctuation in the past data are said to exhibit

[removed]

1.

Seasonal effects

[removed]

2.

noise dampening response

[removed]

3.

impulse response

[removed]

4.

all of the above

[removed]

5.

none of the above

5 points  

Question 2

  1. A Winter’s forecasting model that has zero values for the beta and gamma constants exhibit what type of behavior

[removed]

1.

A simple exponential smoothing model

[removed]

2.

Impulse response

[removed]

3.

Noise dampening

[removed]

4.

all of the above

[removed]

5.

none of the above

5 points  

Question 3

  1. In measuring forecast accuracy, the average of the absolute difference between the forecast and the actual demand is called

[removed]

1.

alpha

[removed]

2.

E-bar

[removed]

3.

MAD

[removed]

4.

all of the above

[removed]

5.

none of the above

5 points  

Question 4

  1. Choice the best type of forecasting methods for the type of data indicated
 

trend data that fits in a straight line

 

   

 

       

 

 

short range forecast with no trends or seasonal effects

   

 

 

random data with no seasonal effects or trends

   

 

 

random data that illustrates a trend or seasonal pattern

   
  1.  
  2.  
 

random data with a trend or no seasonal effect

A.

Exponential Smoothing

B.

Winter’s Method

C.

Holt’s Method

D.

Linear Regression

E.

Moving Average

20 points  

Question 5

  1. In order to establish a forecast method that exhibits impulse response;

[removed]

1.

an exponential smoothing forecast method should be used

[removed]

2.

the data must be linear

[removed]

3.

The alpha coefficient should be set close to 1 for exponential smoothing

[removed]

4.

The alpha coefficient should be set close to 0 for exponential smoothing

[removed]

5.

None of the above

5 points  

Question 6

  1. Refer to the data in table 1 posted in the discussion folder. Using the data, what is the forecast for November if a three month moving average model is used?

[removed]

1.

49.25

[removed]

2.

50.67

[removed]

3.

53.00

[removed]

4.

none of the above

5 points  

Question 7

  1. Refer to the data in table 1 posted in the discussion folder. Using the data, which month has a demand forecast equal to 55 for a 3 month moving average approach

[removed]

1.

April

[removed]

2.

June

[removed]

3.

August

[removed]

4.

October

[removed]

5.

None of the above

5 points  

Question 8

  1. Refer to the data in table 1 posted in the discussion folder. Using the data, what is the November forecast if exponential smoothing is used with an alpha value = .1

[removed]

1.

47.9

[removed]

2.

53.2

[removed]

3.

40.8

[removed]

4.

51.6

5 points  

Question 9

  1. Refer to the data, table 1, from the discussion folder. Using this data, what is the forecast error % for an exponential smoothing model with a alpha of .6

[removed]

1.

10%

[removed]

2.

12%

[removed]

3.

14%

[removed]

4.

16%

[removed]

5.

18%

5 points  

Question 10

  1. Forecasting models are an integral part of business planning that requies input from

[removed]

1.

marketing

[removed]

2.

demand estimates

[removed]

3.

sales forecast

[removed]

4.

all of the above

[removed]

5.

none of the above

5 points  

Question 11

  1. The alpha coefficient in exponential smothing

[removed]

1.

is set equal to the actual value in period 1

[removed]

2.

varies over a time series of data

[removed]

3.

is a value between 0 and 1

[removed]

4.

all of the above

[removed]

5.

none of the above

5 points  

Question 12

  1. Quarterly data which reflect an increase every fourth quarter followed by a decrease every first quarter are said to be

[removed]

1.

seasonal

[removed]

2.

cyclical

[removed]

3.

periodical

[removed]

4.

abnormal

[removed]

5.

following a trend

5 points  

Question 13

  1. To deseasonalize time series data

[removed]

1.

divide each actual value by the trend line intercept

[removed]

2.

divide each actual value by its seasonal index factor

[removed]

3.

divide each actual value by total forecast error

[removed]

4.

divide each actual value by the alpha coefficient

5 points  

Question 14

  1. A linear trend for 12 months of data is y = 339.02 + 23.96x. What is the forecast for the next quarter (January, Feruary and March)?

[removed]

1.

1160.82

[removed]

2.

1807.74

[removed]

3.

2023.38

[removed]

4.

3641.59

5 points  

Question 15

  1. Refer to the data in table 1 posted in the discussion folder. Using the data, what is the MAD for an exponential smoothing model with alpha = .1

[removed]

1.

6.2

[removed]

2.

7.7

[removed]

3.

8.3

[removed]

4.

8.8

5 points  

Question 16

  1. The delphi method of forecasting is

[removed]

1.

time series method for detecting seasonality

[removed]

2.

variation of exponential smoothing method

[removed]

3.

multiple regression method

[removed]

4.

qualitative method which solicits from experts

[removed]

5.

qualitative method for researching similar to data

5 points  

Question 17

  1. The ideal value of MAD is

[removed]

1.

0

[removed]

2.

100

[removed]

3.

10

[removed]

4.

none of the above

5 points  

Click Save and Submit to save and submit. Click Save All Answers to save all answers.

 

Duepapers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.