Chapter 15 Forecasting

91) __________ has become increasingly crucial to compete in the modern international business environment.

A) The Delphi method

B) Technological forecasting

C) Prediction

D) all of the above

92) Consider the following graph of sales.

Which of the following characteristics is exhibited by the data?

A) Trend only

B) Trend plus seasonal

C) Trend plus random

D) Cyclical only

E) None of the above

93) Consider the following graph of sales.

Which of the following characteristics is exhibited by the data?

A) Trend only

B) Trend plus seasonal

C) Trend plus random

D) Seasonal only

E) None of the above

94) Consider the following graph of sales.

Which of the following characteristics is exhibited by the data?

A) Trend only

B) Trend plus seasonal

C) Trend plus irregular

D) Seasonal

E) None of the above

95) __________ moving averages react more slowly to recent demand changes than do __________ moving averages.

A) Longer-period, shorter-period

B) Shorter-period, longer-period

C) Longer-period, longer-period

D) Shorter-period, shorter-period

96) __________ is good for stable demand with no pronounced behavioral patterns.

A) Longer-period moving average

B) Shorter-period moving average

C) Moving average

D) Weighted moving average

97) __________ methods assume that what has occurred in the past will continue to occur in the future.

A) Time series

B) Regression

C) Quantitative

D) Qualitative

98) In exponential smoothing, the closer alpha is to __________, the greater the reaction to the most recent demand.

A) -1

B) 0

C) 1

D) -1 or 1

99) In adjusted exponential smoothing, the closer beta is to __________, the stronger a trend is reflected.

A) -1 / 1

B) -1

C) 0

D) 1

100) __________ is a linear regression model relating demand to time.

A) Linear trend

B) Linear regression

C) Forecast demand

D) Linear equation