front 1 Which of the following statements about forecasts is true? | back 1 forecasts for the near term tend to be more accurate |
front 2 One qualitative forecasting method bases the forecast for a new product or service on the actual sales history of a similar product or service. An example is forecasting demand for the newest model of iPod by using the demand history from the previous model of iPod. This method is | back 2 life cycle analogy |
front 3 A qualitative forecasting method which brings experts together to jointly discuss and develop forecasts is | back 3 panel consensus forecasting |
front 4 Which of the following statements about forecasts is true? | back 4 forecasts for groups of products tend to be more accurate |
front 5 Long-term movement of demand up or down in a time series is | back 5 a trend |
front 6 Structured questionnaires submitted to potential customers, often to gauge potential demand, are | back 6 market surveys |
front 7 "A set of business processes, backed up by information technology, in which supply chain partners agree to mutual business objectives and measures, develop joint sales and operational plans, and collaborate to generate and update sales forecasts and replenishment plans" is the definition of | back 7 collaborative planning, forecasting, and replenishment (CPFR) |
front 8 The situation is vague and little data exists, as in the case of new products or technologies. In this case, which of the following forecasting approachs is used? | back 8 qualitative method |
front 9 "An estimate of the future value of some variable" is the definition of | back 9 a forecast |
front 10 Which of the following statements about forecasts is true? | back 10 forecasts are no substitute for calculated values |
front 11 Unpredictable movement of demand from one period to the next in a time series is | back 11 randomness |
front 12 Collaborative planning, forecasting, and replenishment systems perform many necessary supply chain processes. Which of the following typically does NOT fall under the scope of a CPFR system? | back 12 development of a layout and process choice |
front 13 Which of the following statements about forecasts is true? | back 13 forecasts are almost always wrong |
front 14 A qualitative forecasting method which utilizes individuals familiar with specific market segments, has them estimate the demand within these segments, and adds the forecasts together to get an overall forecast is | back 14 build-up forecasting |
front 15 A qualitative forecasting method which utilizes structured questionnaires submitted to potential customers soliciting opinions about potential products to estimate likely demand is | back 15 market surveys |
front 16 One qualitative forecasting method uses experts working individually. The individual forecasts are shared among the group, after which each participant is allowed to modify his or her forecast based on the shared information. This method is | back 16 Delphi |
front 17 Refrigerant R-12 was to be phased out as manufacturers switched systems to the environmentally friendly but more expensive GHG. Refrigeration repairmen consulted their forecasting models and unanimously concluded that they should stockpile R-12 while it was still affordable.These forecasting models could be classified as | back 17 price forecasts |
front 18 The situation is stable and historical data exists, as in the case of mature products or technologies. In this case, which of the following forecasting approachs isused? | back 18 quantitative method |