Qualitative techniques are productions based on judgment, intuition, and informed opinions.
A. True
B. False
The formula for the seasonal demand is:
A. Seasonal demand = (seasonal index) + (seasonalized demand)
B. Seasonal demand = (seasonal index) - (deseasonalized demand)
C. Seasonal demand = (seasonal index) * (deseasonalized demand)
D. Seasonal demand = (seasonal index) / (deseasonalized demand)
Exponential smoothing gives the same results as a moving average but without the need to retain as much data and with easier calculations.
A. True
B. False
are best used for forecasting products with stable demand where there is little trend or seasonality.
A. Demand averages
B. Estimated calculations
C. Moving averages
D. None of the above
Providing a routine method for regularly updating item forecasts is known as:
A. Regular smoothing
B. Exponential smoothing
C. Steady smoothing
D. Stable trend smoothing
Which technique is based on the assumption that what happened in the past will happen in the future?
A. Intrinsic Forecasting
B. Extrinsic Forecasting
C. Average demand Forecasting
D. Quantitative Forecasting
A systematic, formal, and conscious procedure for testing to determine customer opinion or intention is called:
A. Forecasting procedure
B. Record customer group
C. Market research
D. None of the above
What is based on a comparative analysis of the introduction and growth of similar products in the hope that the new product behaves in a similar fashion?
A. Forecasting analogy
B. Estimated analogy
C. Future analogy
D. Historical analogy
Which of the following is NOT the method of forecasting?
A. qualitative
B. quantitative
C. intrinsic
D. extrinsic
What can affect the trend, seasonality, or randomness of the actual demand?
A. Static changes
B. Dynamic changes
C. Random changes
D. Planned changes
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