Devry GSC M520 Week 2 Quiz

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Question 1.1. (TCO 5) In most cases, demand for products or services can be broken down into several components. Which of the following is not considered a component of demand? (Points : 3) Average demand for a period A trend Seasonal elements Past data Autocorrelation

Question 2.2. (TCO 5) In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand? (Points : 3) Forecast error Autocorrelation Previous demand Consistent demand Repeat demand

Question 3.3. (TCO 5) Which of the following forecasting methodologies is considered a causal forecasting technique? (Points : 3) Exponential smoothing Weighted moving average Linear regression Historical analogy Market research

Question 4.4. (TCO 5) Which of the following forecasting methods uses executive judgment as its primary component for forecasting? (Points : 3) Historical analogy Time series analysis Panel consensus Market research Linear regression

Question 5.5. (TCO 5) In business forecasting, what is usually considered a long-term time period? (Points : 3) Three months or longer Six months or longer One year or longer Two years or longer Ten years or longer

Question 6.6. (TCO 5) In general, which forecasting time frame best identifies seasonal effects? (Points : 3) Short-term forecasts Quick-time forecasts