MQM227 Final Exam Questions and
Answers 100% Correct
A qualitative forecast would most likely be used for:
A. Aggregate planning
B. Scheduling
C. Process design
D. Inventory management - 🧠 ANSWER ✔✔C. Process design
When should qualitative methods NOT be used?
,A. When historic data are unreliable
B. When it is impossible to obtain historic data
C. For short-range, repetitive decisions
D. When making major, costly decisions, such as facilities location - 🧠
ANSWER ✔✔C. For short-range, repetitive decisions
A small company that manufactures rubber boots is selecting a method to
forecast demand for the next 10 years. The company recently expanded its
facilities, doubling its capacity. Which of the following forecasting methods
would be preferred?
A. Qualitative
B. Simple exponential smoothing
C. Econometric
,D. Box-Jenkins - 🧠 ANSWER ✔✔A. Qualitative
The difference between actual demand and the forecast is:
A. Forecast error
B. Mean absolute percentage error
C. Absolute deviation of forecast error
D. Mean absolute deviation of forecast error - 🧠 ANSWER ✔✔Forecast
Error
If a sales representative tells his or her manager, "I hope to sell 20% more
than last year," this should be considered:
A. A forecast
B. A performance measure
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, C. A goal
D. A production plan - 🧠 ANSWER ✔✔a goal
Which of the following is NOT a measure of forecast accuracy?
A. Mean square error
B. Cumulative sum of forecast error
C. Mean absolute deviation of forecast error
D. Cumulative absolute deviation of forecast error - 🧠 ANSWER ✔✔D.
Cumulative absolute deviation of forecast error
Which phrase most closely describes the Delphi forecasting technique?
A. Consumer survey
Answers 100% Correct
A qualitative forecast would most likely be used for:
A. Aggregate planning
B. Scheduling
C. Process design
D. Inventory management - 🧠 ANSWER ✔✔C. Process design
When should qualitative methods NOT be used?
,A. When historic data are unreliable
B. When it is impossible to obtain historic data
C. For short-range, repetitive decisions
D. When making major, costly decisions, such as facilities location - 🧠
ANSWER ✔✔C. For short-range, repetitive decisions
A small company that manufactures rubber boots is selecting a method to
forecast demand for the next 10 years. The company recently expanded its
facilities, doubling its capacity. Which of the following forecasting methods
would be preferred?
A. Qualitative
B. Simple exponential smoothing
C. Econometric
,D. Box-Jenkins - 🧠 ANSWER ✔✔A. Qualitative
The difference between actual demand and the forecast is:
A. Forecast error
B. Mean absolute percentage error
C. Absolute deviation of forecast error
D. Mean absolute deviation of forecast error - 🧠 ANSWER ✔✔Forecast
Error
If a sales representative tells his or her manager, "I hope to sell 20% more
than last year," this should be considered:
A. A forecast
B. A performance measure
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, C. A goal
D. A production plan - 🧠 ANSWER ✔✔a goal
Which of the following is NOT a measure of forecast accuracy?
A. Mean square error
B. Cumulative sum of forecast error
C. Mean absolute deviation of forecast error
D. Cumulative absolute deviation of forecast error - 🧠 ANSWER ✔✔D.
Cumulative absolute deviation of forecast error
Which phrase most closely describes the Delphi forecasting technique?
A. Consumer survey
