QMB3200 MIDTERM Exam 2026–2027 Accurate
Exam Questions and Verified Correct Answers
What is the first stage of determining task timing in the critical path method?
CORRECT ANSWER identifying early start and early finish times of each task.
Which of the following statements about crashing is TRUE? CORRECT
ANSWER Crashing a critical path activity may shorten the length of the
project.
What tool is used in the PERT methodology to estimate the risk of missing a
project deadline? CORRECT ANSWER the Central Limit Theorem
__________ is a style of project network diagram in which arrows represent
tasks and their connections with nodes represent precedence relationships.
CORRECT ANSWER AOA
Which of the following statements regarding a time series technique is true?
CORRECT ANSWER Time series techniques focus on the historical behavior of
some outcome of interest to predict its future behavior.
Which time series technique predicts a future value by combining the
previous prediction and some portion of the error in the prediction?
CORRECT ANSWER Simple exponential smoothing
Which of the following correlation coefficient values represents the strongest
positive correlation between two factors in a data set? CORRECT ANSWER r-
=0.931
, It is NOT possible for a forecast to be both responsive and inaccurate.
CORRECT ANSWER False
In a time series, what is a black swan? CORRECT ANSWER a particularly high-
impact incident of extreme consequence that is unexpected or considered
highly improbable
Calculating a regression equation for a given set of data identifies the specific
values of ____ CORRECT ANSWER the slope and intercept
Averaging forecast errors over time results in the performance measure
known as *****? CORRECT ANSWER mean error
What is the ME for the forecast errors of 5, 10, 0, and -3? CORRECT ANSWER
3
one-time shocks to a time series from a distinctly external influence, such as
a sudden dip in consumer sales after a disruptive event, are called ____
variations CORRECT ANSWER exogenous
Several forecasting methods rely on insights from a group of people, but
which method does NOT have the group discuss their opinions? CORRECT
ANSWER Delphi Groups
Which of the following forecasting measures calculates the average of the
absolute values of a set of forecast errors? CORRECT ANSWER MAD
Exam Questions and Verified Correct Answers
What is the first stage of determining task timing in the critical path method?
CORRECT ANSWER identifying early start and early finish times of each task.
Which of the following statements about crashing is TRUE? CORRECT
ANSWER Crashing a critical path activity may shorten the length of the
project.
What tool is used in the PERT methodology to estimate the risk of missing a
project deadline? CORRECT ANSWER the Central Limit Theorem
__________ is a style of project network diagram in which arrows represent
tasks and their connections with nodes represent precedence relationships.
CORRECT ANSWER AOA
Which of the following statements regarding a time series technique is true?
CORRECT ANSWER Time series techniques focus on the historical behavior of
some outcome of interest to predict its future behavior.
Which time series technique predicts a future value by combining the
previous prediction and some portion of the error in the prediction?
CORRECT ANSWER Simple exponential smoothing
Which of the following correlation coefficient values represents the strongest
positive correlation between two factors in a data set? CORRECT ANSWER r-
=0.931
, It is NOT possible for a forecast to be both responsive and inaccurate.
CORRECT ANSWER False
In a time series, what is a black swan? CORRECT ANSWER a particularly high-
impact incident of extreme consequence that is unexpected or considered
highly improbable
Calculating a regression equation for a given set of data identifies the specific
values of ____ CORRECT ANSWER the slope and intercept
Averaging forecast errors over time results in the performance measure
known as *****? CORRECT ANSWER mean error
What is the ME for the forecast errors of 5, 10, 0, and -3? CORRECT ANSWER
3
one-time shocks to a time series from a distinctly external influence, such as
a sudden dip in consumer sales after a disruptive event, are called ____
variations CORRECT ANSWER exogenous
Several forecasting methods rely on insights from a group of people, but
which method does NOT have the group discuss their opinions? CORRECT
ANSWER Delphi Groups
Which of the following forecasting measures calculates the average of the
absolute values of a set of forecast errors? CORRECT ANSWER MAD
