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SCMT Exam 1 2024 Quizzes & Ans!!
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SCMT Exam 1 2024 Quizzes & Ans!!
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Name: Score:52 Multiple choice questions
Term 1 of 52
To be of value for the purpose of forecasting, any independent variable must be a
leading indicator
model
current business inventory indicator
multiple regression
Term 2 of 52
When considering more than one variable, along with the effects of each item on the item of
interest, which forecasting model should be used?
exponential smoothing
multiple correlation
linear regression
multiple regression
Definition 3 of 52
exponential smoothing
simple moving average amount of data
the most used of forecasting techniques
the two types of seasonal variation discussed are
trend and seasonal models amount of data
,Term 4 of 52
Identifying and separating the time series data into its components.
qualitative
decomposition
multiple regression
exponential smoothing
Term 5 of 52
The values selected for alpha and delta depend on how much __________variation there is in demand
and how ___________the trend factor is
uniform and variable
random and steady
constant and unpredictable
consistent and fluctuating
Definition 6 of 52
all individual data elements must be carried as data.
The main disadvantage of the moving average is that
The two types of seasonal variation discussed are
the most used of forecasting techniques
Identify the basic classifications of forecasting.
, Term 7 of 52
What is the first step in CPFR?
Decomposition
Development of demand forecasts
Joint business planning
Creation of a front-end partnership agreement
Term 8 of 52
The real value of the MAPE is that it allows you to compare forecasts between products that have
very different
average demand
tracking signal
peak demand
baseload demand
Term 9 of 52
When demand for a product is neither growing nor declining rapidly, and if it does not have
seasonal characteristics, a ______________ ________________ can be useful in removing the random
fluctuations for forecasting.
seasonal adjustment
moving average
exponential smoothing
trend analysis
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