Questions answered, just need to verify if answers are correct.
Indicate whether the sentence or statement is True or False.
T 1. A trend is a gradual, long-term, up or down movement of demand.
F 2. Time series methods are the most common type of forecasting method for
the long-term strategic planning process.
F 3. Shorter-period moving averages react more slowly to recent demand
changes than do longer-period moving averages.
T 4. Technological forecasting has become increasingly crucial to compete in
the modern international business environment.
F 5. Time series methods relate the forecast to more than just time.
Identify the letter of the choice that best completes the statement or answers the question.
D 6. An example of forecasting is
a. meteorologists predicting the weather
b. sportscasters predicting the winner of a football game
c. managers attempting to predict how much of their product will be demanded in the future
d. all of the above
C 7. ___________ is a gradual, long-term, up or down movement of demand
a. Seasonal pattern
C 8. __________ is good for stable demand with no pronounced behavioral patterns
a. Longer-period moving average
b. Shorter-period moving average
c. Moving average
d. weighted moving average
A 9. ___________ is a measure of the strength of the relationship between independent and dependent variables.
b. Linear regression
c. Coefficient of determination
D 10. In adjusted exponential smoothing, the closer beta is to ____________, the stronger a trend is reflected.
a. -1 or 1
Word file contains explanations and answers of multiple choice questions.