100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
QMB 3200 MIDTERM EXAM ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE ACTUAL EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+$18.99
Add to cart
QMB 3200 MIDTERM EXAM ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE ACTUAL EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
10 views 0 purchase
Course
QMB 3200
Institution
QMB 3200
QMB 3200 MIDTERM EXAM
ACTUAL EXAM 2 VERSIONS (VERSION
A AND B) COMPLETE ACTUAL EXAM
QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
QMB 3200 MIDTERM EXAM 2024-2025
ACTUAL EXAM 2 VERSIONS (VERSION
A AND B) COMPLETE ACTUAL EXAM
QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
VERSION A
Which time series technique predicts a future value
by combining the previous prediction and some
portion of the error in the prediction? -
....ANSWER...Simple exponential smoothing
Which of the following correlation coefficient values
represents the strongest positive correlation
between two factors in a data set? - ....ANSWER...r-
=0.931
It is NOT possible for a forecast to be both
responsive and inaccurate. - ....ANSWER...False
,In a time series, what is a black swan? -
....ANSWER...a particularly high-impact incident of
extreme consequence that is unexpected or
considered highly improbable
Calculating a regression equation for a given set of
data identifies the specific values of ____ -
....ANSWER...the slope and intercept
Averaging forecast errors over time results in the
performance measure known as *****? -
....ANSWER...mean error
What is the ME for the forecast errors of 5, 10, 0, and
-3? - ....ANSWER...3
one-time shocks to a time series from a distinctly
external influence, such as a sudden dip in
consumer sales after a disruptive event, are called
____ variations - ....ANSWER...exogenous
Several forecasting methods rely on insights from a
group of people, but which method does NOT have
the group discuss their opinions? -
....ANSWER...Delphi Groups
,Which of the following forecasting measures
calculates the average of the absolute values of a
set of forecast errors? - ....ANSWER...MAD
The alpha value (o) in the exponential smoothing
formula is known as the - ....ANSWER...smoothing
constant
Queue________ specifies the order in which waiting
arrivals are serve. - ....ANSWER...Discipline
The break-even point is the level of production at
which - ....ANSWER...total revenue and costs are
balanced
___________ cost is cost incurred regardless of the
volume of associated activity. - ....ANSWER...Fixed
Effective capacity of a system is expected to be more
than its design capacity - ....ANSWER...false
, The _________ distribution describes the likelihood of
a particular number of independent events within a
particular interval. - ....ANSWER...Poisson
All of the following are disadvantages of a
conservative capacity strategy EXCEPT -
....ANSWER...competitors have less incentive and
opportunity to enter the marketplace.
Capacity can refer to a single machine or to an
entire supply chain network - ....ANSWER...True
Chicago's new city buses are intended to hold 60
people. This is a measurement of the ________ of the
buses. - ....ANSWER...design capacity
is a labeling system established in the 1950s for
classifying waiting line models according to their
initial assumptions. - ....ANSWER...kendall notation
Marylee told the customer service rep that had been
waiting for half an hour in line, but she had actually
only been waiting 15 minutes. Marylee's stated
waiting time was ____________time. -
....ANSWER...Perceived
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Charitywairimu. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.99. You're not tied to anything after your purchase.
