MGSC 395 Final Exam Questions With
Solutions
Generally, which of the following are to be avoided when managing demand?
A.
quantity discounts
B.
backorders
C.
perishable capacity
D.
promotional pricing A
Generally, which of the following are to be avoided when managing demand?
A.
quantity discounts
B.
backorders
C.
perishable capacity
D.
promotional pricing A
A repeatable pattern of increases or decreases in demand, depending on periods of time of within
one year or less, is a time-series pattern called
A.
trend.
B.
seasonal.
C.
, MGSC 395 Final Exam Questions With
Solutions
random.
D.
cyclical. B
The least predictable pattern of time-series variation is called
A.
trend.
B.
random.
C.
horizontal.
D.
seasonal. B
Companies that use a two-tier forecasting system first cluster (or "roll up") several similar
services or products in a process called
A.
demand grouping.
, MGSC 395 Final Exam Questions With
Solutions
B.
aggregation.
C.
combination.
D.
product clustering. B
Which of the following statements regarding forecasting "units of measurement" is best?
A.
"Dollars" is always the best initial forecasting unit of measurement.
B.
Forecasting "product units" should always be avoided.
C.
Forecasted "product units" can be translated to dollars by multiplying them by the unit price.
D.
If accurately forecasting demand for a product is not possible in terms of "number of units,"
forecasting should be avoided. C
, MGSC 395 Final Exam Questions With
Solutions
_________ methods translate the opinions of managers, expert opinions, consumer surveys, and
salesforce estimates into quantitative estimates.
A.
Judgment
B.
Arbitration
C.
Estimation
D.
Opinion A
Which of the following is NOT considered a quantitative forecasting method?
A.
Delphi analysis
B.
time-series analysis
C.
causal methods
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