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OSCM 373 Forecasting Exercise well answered rated A+ $9.99   Add to cart

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OSCM 373 Forecasting Exercise well answered rated A+

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  • OSCM 373

OSCM 373 Forecasting Exercise well answered rated A+

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  • September 18, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • OSCM 373
  • OSCM 373
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kirus27
OSCM 373 Forecasting Exercise

associative forecasting - correct answer ✔✔predicts forecast based on a related variable which is also
called an independent variable. The variable for which the forecasting ids done is called the dependent
variable



Associative models - correct answer ✔✔- multiple regression

- explanatory variables



time series forecasting - correct answer ✔✔uses the pattern or trend or seasonality of the past data to
make the forecast for future



time series models - correct answer ✔✔- exponential smoothing

- seasonal relatives

- moving average



Qualitative forecasting - correct answer ✔✔based on the opinion of experts instead of numerical data



Qualitative models - correct answer ✔✔- delphi method

- panel of experts

- subjective



all forecasting techniques are - correct answer ✔✔imperfect because they cannot be considered as
accurate and perfect in predicting the suture values



A national home builder creating a forecast of house sales based on an equation based on several
predictor variables including unemployment, inflation, mortgage rates, and stock market performance is
using which of the following? - correct answer ✔✔associative forecasting

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