11 Jun Question GSCM330 Strategic Supp
Question
GSCM330 Strategic Supply and Master Planning
Week 1 Quiz
Question 1 Which of the following statements is not true about forecasts?
Become more accurate with shorter time horizons
Can be 100% perfect
Are more accurate for groups of items than for individual items
None of the above
Question 2 A characteristic of time series data that it is not possible to forecast is which of the following?
Trends
Seasonality
Random variation
Cycles
Regression
Question 3 What is the approximate forecast for July using a 4-month moving average if the historical demand is as follows: January is 39, February is 36, March is 40, April is 42, May is 48, and June is 46?
38
44
42
43
39
Question 4 Monthly sales of sandwiches at the neighborhood bar and grill are in the table below. Based on this data, forecast month nine using a 4-week moving average.
| .4pt”>Month | .35pt”>Sales |
| .4pt”>1 | .35pt”>415 |
| .4pt”>2 | .35pt”>389 |
| .4pt”>3 | .35pt”>420 |
| .4pt”>4 | .35pt”>382 |
| .4pt”>5 | .35pt”>410 |
| .4pt”>6 | .35pt”>432 |
| .4pt”>7 | .35pt”>405 |
| .4pt”>8 | .35pt”>421 |
415
420
425
430
417
Question 5 Forecasts used for planning purchasing, job scheduling, workforce levels, job assignments, and production levels typically utilize a
long-range forecast.
medium-range forecast.
naïve method.
short-range forecast.
None of the above
Question 6 Which of the following should be considered as very important when developing sales forecasts?
Product life cycles
Medium-range forecasts
The Delphi technique
Political stability
None of the above
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