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Date Submitted: 07/21/2015 11:55 PM
Devry GSC M520 Week 2 Quiz
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Page 1
Question 1.1. (TCO 5) In most cases, demand for products or services can be broken down into several components. Which of the following is not considered a component of demand? (Points : 3)
Average demand for a period
A trend
Seasonal elements
Past data
Autocorrelation
Question 2.2. (TCO 5) In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand? (Points : 3)
Forecast error
Autocorrelation
Previous demand
Consistent demand
Repeat demand
Question 3.3. (TCO 5) Which of the following forecasting methodologies is considered a causal forecasting technique? (Points : 3)
Exponential smoothing
Weighted moving average
Linear regression
Historical analogy
Market research
Question 4.4. (TCO 5) Which of the following forecasting methods uses executive judgment as its primary component for forecasting? (Points : 3)
Historical analogy
Time series analysis
Panel consensus
Market research
Linear regression
Question 5.5. (TCO 5) In business forecasting, what is usually considered a long-term time period? (Points : 3)
Three months or longer
Six months or longer
One year or longer
Two years or longer
Ten years or longer
Question 6.6. (TCO 5) In general, which forecasting time frame best identifies seasonal effects? (Points : 3)
Short-term forecasts
Quick-time forecasts
Long range forecasts
Medium term forecasts
Rapid change forecasts...