Devry Gscm520 Week 2 Quiz

Devry GSCM520 Week 2 Quiz

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Devry GSCM520 Week 2 Quiz

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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...