Exam 2 All Chapter 18, all
chapter 14, All chapter 11
Complete Questions And
Answers | Updated
Which of the following is not one of Designing yield management programs that cannot
the "number of interesting issues that be imitated by a competitor
arise in yield management?"
Acceptance sampling is performed t
on goods that already exist to
determine what percentage of items
conforms to specifications.
T/F?
A process flowchart uses which of Diamond
the following symbols to represent a
decision point in a flow diagram?
Which of the following forecasting Weighted moving average
methodologies is considered a time
series forecasting technique?
1/37
,As a consultant you have been asked C
to generate a unit demand forecast
for a product for year 2014 using
exponential smoothing. The actual
demand in year 2013 was 750. The
forecast demand in year 2013 was
960. Using this data and a smoothing
constant alpha of 0.3, which of the
following is the resulting year 2014
forecast value?
A. 766
B. 813
C. 897
D. 1,023
E. 1,120
2/37
,Which of the following is a possible A
source of bias error in forecasting?
A. Failing to include the right
variables
B. Using the wrong forecasting
method
C. Employing less sophisticated
analysts than necessary
D. Using incorrect data
E. Using standard deviation rather
than MAD
Which of the following are used to E
describe the degree of error?
A. Weighted moving average
B. Regression
C. Moving average
D. Forecast as a percent of actual
E. Mean absolute deviation
3/37
, A company has actual unit demand C
for three consecutive years of 124,
126, and 135. The respective forecasts
for the same three years are 120, 120,
and 130. Which of the following is the
resulting MAD value that can be
computed from this data?
A. 1
B. 3
C. 5
D. 15
E. 123
4/37
chapter 14, All chapter 11
Complete Questions And
Answers | Updated
Which of the following is not one of Designing yield management programs that cannot
the "number of interesting issues that be imitated by a competitor
arise in yield management?"
Acceptance sampling is performed t
on goods that already exist to
determine what percentage of items
conforms to specifications.
T/F?
A process flowchart uses which of Diamond
the following symbols to represent a
decision point in a flow diagram?
Which of the following forecasting Weighted moving average
methodologies is considered a time
series forecasting technique?
1/37
,As a consultant you have been asked C
to generate a unit demand forecast
for a product for year 2014 using
exponential smoothing. The actual
demand in year 2013 was 750. The
forecast demand in year 2013 was
960. Using this data and a smoothing
constant alpha of 0.3, which of the
following is the resulting year 2014
forecast value?
A. 766
B. 813
C. 897
D. 1,023
E. 1,120
2/37
,Which of the following is a possible A
source of bias error in forecasting?
A. Failing to include the right
variables
B. Using the wrong forecasting
method
C. Employing less sophisticated
analysts than necessary
D. Using incorrect data
E. Using standard deviation rather
than MAD
Which of the following are used to E
describe the degree of error?
A. Weighted moving average
B. Regression
C. Moving average
D. Forecast as a percent of actual
E. Mean absolute deviation
3/37
, A company has actual unit demand C
for three consecutive years of 124,
126, and 135. The respective forecasts
for the same three years are 120, 120,
and 130. Which of the following is the
resulting MAD value that can be
computed from this data?
A. 1
B. 3
C. 5
D. 15
E. 123
4/37
