(MQM227)Exam 2 Questions and
Answers 100% Correct
Seasonality is represented by an irregular pattern of demand. - 🧠 ANSWER
✔✔Regarding types of time-series components, which of the following
statements is incorrect?
A. Random error are the normal fluctuations in demand that are not erratic
to be considered a cycle, seasonality, a trend, or a level demand.
B. A trend is represented as an increase or decrease in the average
demand over time.
C. A cycle is represented by increasing or decreasing demand over long
time periods.
,D. A level demand refers to the relatively constant demand during a time
interval.
E. Seasonality is represented by an irregular pattern of demand.
4 month = 600 - 🧠 ANSWER ✔✔What is the August forecasted demand
using a 4-month moving average for the following actual demand values:
January - 300 units, February - 200 units, March - 400 units, April - 500
units, May - 600 units, June - 600 units, July - 700 units. (Round answer to
nearest whole number.)
A. 4 month = 350
B. 4 month = 700
C. 4 month = 433
D. 4 month = 650
E. 4 month = 600
630 - 🧠 ANSWER ✔✔What is the August forecasted demand using a 4-
month weighted moving average for the following past actual demand:
January - 300 units, February - 200 units, March - 400 units, April - 500
units, May - 600 units, June - 600 units, July - 700 units. P1 = 0.4, P2 = 0.3,
P3 = 0.2, P4 = 0.1 (Round answer to nearest whole number.)
,A. 570
B. 630
C. 600
D. 158
E. 310
6 month = 500 - 🧠 ANSWER ✔✔What is the August forecasted demand
using a 6-month as well as a 6-month moving average for the following
actual demand values: January - 300 units, February - 200 units, March -
400 units, April - 500 units, May - 600 units, June - 600 units, July - 700
units. (Round answer to nearest whole number.)
A. 6 month = 500
B. 6 month = 471
C. 6 month = 433
D. 6 month = 600
E. 6 month = 571
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, The qualitative type of forecasting utilizes time-series and causal
approaches. - 🧠 ANSWER ✔✔Which of the following statements is
incorrect?
A. In organizations, managers are usually most interested in predicting
future demand.
B. In CPFR, a long-term, mutually beneficial, collaborative relationship is
needed.
C. There is no universal forecasting method for all situations.
D. The qualitative type of forecasting utilizes time-series and causal
approaches.
E. In a regular moving average calculation, all of the months included in
the calculation are weighted equally.
Casual forecasting methods are great for predicting turning points in
demand. - 🧠 ANSWER ✔✔Which of the following statements is incorrect?
A. Medium-range forecasts are usually 6 months to two years in the future.
B. Short-range forecasts are good for procuring materials and work
scheduling.
Answers 100% Correct
Seasonality is represented by an irregular pattern of demand. - 🧠 ANSWER
✔✔Regarding types of time-series components, which of the following
statements is incorrect?
A. Random error are the normal fluctuations in demand that are not erratic
to be considered a cycle, seasonality, a trend, or a level demand.
B. A trend is represented as an increase or decrease in the average
demand over time.
C. A cycle is represented by increasing or decreasing demand over long
time periods.
,D. A level demand refers to the relatively constant demand during a time
interval.
E. Seasonality is represented by an irregular pattern of demand.
4 month = 600 - 🧠 ANSWER ✔✔What is the August forecasted demand
using a 4-month moving average for the following actual demand values:
January - 300 units, February - 200 units, March - 400 units, April - 500
units, May - 600 units, June - 600 units, July - 700 units. (Round answer to
nearest whole number.)
A. 4 month = 350
B. 4 month = 700
C. 4 month = 433
D. 4 month = 650
E. 4 month = 600
630 - 🧠 ANSWER ✔✔What is the August forecasted demand using a 4-
month weighted moving average for the following past actual demand:
January - 300 units, February - 200 units, March - 400 units, April - 500
units, May - 600 units, June - 600 units, July - 700 units. P1 = 0.4, P2 = 0.3,
P3 = 0.2, P4 = 0.1 (Round answer to nearest whole number.)
,A. 570
B. 630
C. 600
D. 158
E. 310
6 month = 500 - 🧠 ANSWER ✔✔What is the August forecasted demand
using a 6-month as well as a 6-month moving average for the following
actual demand values: January - 300 units, February - 200 units, March -
400 units, April - 500 units, May - 600 units, June - 600 units, July - 700
units. (Round answer to nearest whole number.)
A. 6 month = 500
B. 6 month = 471
C. 6 month = 433
D. 6 month = 600
E. 6 month = 571
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, The qualitative type of forecasting utilizes time-series and causal
approaches. - 🧠 ANSWER ✔✔Which of the following statements is
incorrect?
A. In organizations, managers are usually most interested in predicting
future demand.
B. In CPFR, a long-term, mutually beneficial, collaborative relationship is
needed.
C. There is no universal forecasting method for all situations.
D. The qualitative type of forecasting utilizes time-series and causal
approaches.
E. In a regular moving average calculation, all of the months included in
the calculation are weighted equally.
Casual forecasting methods are great for predicting turning points in
demand. - 🧠 ANSWER ✔✔Which of the following statements is incorrect?
A. Medium-range forecasts are usually 6 months to two years in the future.
B. Short-range forecasts are good for procuring materials and work
scheduling.
