Devry GSCM330 Week 1 Quiz Latest 2019 MAY Question # 00601391 Course Code : GSCM330 Subject: Education Due on: 05/15/2019 Posted On: 05/15/2019 09:04 AM Tutorials: 1 Rating: 4.8/5
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.
|
Month |
Sales |
|
1 |
415 |
|
2 |
389 |
|
3 |
420 |
|
4 |
382 |
|
5 |
410 |
|
6 |
432 |
|
7 |
405 |
|
8 |
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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