plz help me answer multiple choice Part I: 30 Multiple ehoices for 15 points. (A

Question

plz help me answer multiple choice

Part I: 30 Multiple ehoices for 15 points. (Answer all question) 1. When there are 10 to 20 observations of historical data, what is your appropriat method? A. Linear Regressiorn B. Simple Moving Average C. Weighted moving average D. Simple Exponential Smoothing E. Exponential Smoothing with Trend 2. Which is not a criterion for selecting a forecasting model? A. Time B. Data availability C. Competitors D. Forecasting budget E. Qualified personnel 3. Given this bill of materials for Product 1. Which statement is false? Product 1 6) (5) ( A. A is made of one B and two D B. D is made of one F and three E. C. B is made of three E and one F D. Product 1 is made of one A, one B, and one C E. B is made of one F and three E 4. Which is appropriate in choosing weights for weighted moving average? A. Use the forecaster's experience. B. Use most weight on the most recent past data as the best indicator. C. Put weight less on the most recent data. D. Put weight more on the longest past data. E. It depends on seasonal data.

Explanation / Answer

1. A. Simple moving average
Reason: The past observations are weighted equally.

2. C. Competitors
Reason: Criterias include other options like time, data availability, forecasting budget and qualifiied personnel

3. B. D is made of one F and three E
Reason: D do not have any component.

4. B. Use most weight on the most recent past data as the best indicator.
Reason: Assign highest weight to the most recent data

5. E. All are correct.

6. D. Historical Analogy

7. B. Vehicle loading

8. A. Hiring , training, and laying off personnel costs.

9. C. 157
weighted moving average forecast = (160*.40)+(140*.30)+(170*.30) = 157

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.