Forecasts may be influenced by a? product's position in its life cycle
True
Demand forecasts serve as inputs to? financial, marketing, and personnel planning
true
What two numbers are contained in the daily report to the CEO of Walt Disney Parks? & Resorts regarding the six Orlando? parks?
yesterday's forecasted attendance and? yesterday's actual attendance
As compared to? long-range forecasts,? short-range forecasts
deal with less comprehensive issues supporting management decisions
One use of? short-range forecasts is to? determine
job assignments
Forecasts are usually classified by time horizon into which three? categories?
?short-range, medium-range, and? long-range
The three major types of forecasts used by organizations in planning future operations? are
?economic, technological, and demand
Which of the following most requires? long-range forecasting? (as opposed to? short-range or? medium-range forecasting) for its planning? purposes?
capital expenditures
Short-range forecasts tends to ________ longer-range forecasts.
be more accurate than
What forecasting systems combine the intelligence of multiple supply chain? partners?
CPFR
Forecasts of individual products tend to be more accurate than forecasts of product families
False
A? time-series model uses a series of past data points to make the forecast
True
The quarterly? "make meeting" of Lexus dealers is an example of a sales force composite forecast
True
One advantage of exponential smoothing is the limited amount of record keeping involved.
true
The larger the number of periods in the simple moving average forecasting? method, the greater the? method's responsiveness to changes in demand
False
In trend? projection, the trend component is the slope of the regression equation
True
In trend? projection, a negative regression slope is mathematically impossible
False
A trend projection equation with a slope of 0.78 means that there is a 0.78 unit rise in Y per period
true
What is the forecast for May using a? four-month moving? average?
Nov. Dec. Jan. Feb. Mar. April
39 36 40 42 48 46
44
Given an actual demand this period of? 103, a forecast value for this period of? 99, and an alpha of? 0.4, what is the exponential smoothing forecast for next? period?
100.6