The type of forecasting method used depends entirely whether the supply chain is continuous replenishment or not.
Question 1 options: | 1) | True | | 2) | False | Hide Check my answer | | Time Series Methods |
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Question 2
The Delphi method generates forecasts based on informed judgments and opinions from knowledgeable individuals.
Question 2 options: | 1) | True | | 2) | False | Hide Check my answer | | Components of Forecasting Demand |
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Question 3
The larger the mean absolute deviation (MAD) the more accurate the forecast.
Question 3 options: | 1) | True | | 2) | False | Hide Check my answer | | Forecast Accuracy |
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Question 4
A gradual, long-term up or down movement of demand is called a trend.
Question 4 options: | 1) | True | | 2) | False | Hide Check my answer | | Components of Forecasting Demand |
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Question 5
Sharing demand forecasts with supply chain members has resulted in an increased bullwhip effect.
Question 5 options: | 1) | True | | 2) | False | Hide Check my answer | | The Strategic Role of Forecasting |
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Question 6
The demand behavior for skis is considered cyclical.
Question 6 options: | 1) | True | | 2) | False | Hide Check my answer | | Components of Forecasting Demand |
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Question 7
Because of the development of advanced forecasting models managers no longer track forecast error.
Question 7 options: | 1) | True | | 2) | False | Hide Check my answer | | Forecast Accuracy |
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Question 8
Long-range qualitative