WGU C720 - Forecasting, planning, scheduling
systems Exam | Questions and Answers | Verified
Solutions | 2026 Edition | Pass Guaranteed
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Practice questions for this set
Learn 1 /7 Study using Learn
customer demand, inventory levels, lead times, production capacity,
inventory/production costs.
Choose an answer
Master production schedule MPS
1 2 Forecasting
must consider these inputs
Two factors drive the master
3 4 Qualitative method test markets
production schedule
Don't know?
Terms in this set (29)
, Forecasting mathematical models to predict the demand for a
specific product or service.
Steps for forecasting 1. Determine the objective
2.Develop a forecast model
3. Test the model
4. Revise, modify, revaluate
Qualitative method: Build up method starting at the bottom of the organization and
working to the top to solicity info to determine the
forecast
Qualitative method survey methhod using questioners to to determine the forecast
Qualitative method test markets conducting a trial run
Qualitative method Panel of experts Delphi technique, soliciting info from people who
are knowledgeable about the subject being
considered.
Quantitative methods of forecasting Each time period has the same weight (mean)
- Simple moving average
Quantitative method of forecasting - Assign a different weights to each period. Usually
weighted moving average driven by seasonality.
Planning three types Long-term, Aggregate, and near-term master
production scheduling
Long term planning Strategic plan 3-7 years
Aggregate planning One year to eighteen months
systems Exam | Questions and Answers | Verified
Solutions | 2026 Edition | Pass Guaranteed
Save
Practice questions for this set
Learn 1 /7 Study using Learn
customer demand, inventory levels, lead times, production capacity,
inventory/production costs.
Choose an answer
Master production schedule MPS
1 2 Forecasting
must consider these inputs
Two factors drive the master
3 4 Qualitative method test markets
production schedule
Don't know?
Terms in this set (29)
, Forecasting mathematical models to predict the demand for a
specific product or service.
Steps for forecasting 1. Determine the objective
2.Develop a forecast model
3. Test the model
4. Revise, modify, revaluate
Qualitative method: Build up method starting at the bottom of the organization and
working to the top to solicity info to determine the
forecast
Qualitative method survey methhod using questioners to to determine the forecast
Qualitative method test markets conducting a trial run
Qualitative method Panel of experts Delphi technique, soliciting info from people who
are knowledgeable about the subject being
considered.
Quantitative methods of forecasting Each time period has the same weight (mean)
- Simple moving average
Quantitative method of forecasting - Assign a different weights to each period. Usually
weighted moving average driven by seasonality.
Planning three types Long-term, Aggregate, and near-term master
production scheduling
Long term planning Strategic plan 3-7 years
Aggregate planning One year to eighteen months
