Question 3 (5 points) [Question 3 Unsaved] Put the following seven steps of fore

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Question 3 (5 points)

[Question 3 Unsaved]

Put the following seven steps of forecasting in sequence:

Question 3 options:

1
2
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5
6
7
select the forecasting model(s) and methods
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7
generate the forecast
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gather the data needed to make the forecast
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determine the use of the forcast
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select the items to be forecasted
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validate and implement the results
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determine the time horizon of the forecast

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Question 4 (5 points)

[Question 4 Unsaved]

The qualitative forecasting method that iteratively uses anonymous feedback from experts is called:

Question 4 options:

Delphi method

Jury of executive opinion

Market surveys

Knowledge and intuition of the products

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Question 5 (5 points)

[Question 5 Unsaved]

Associative models can generate a forecast between any pair of variables.

Question 5 options:

True False

Explanation / Answer

Question 3 (5 points)

Put the following seven steps of forecasting in sequence:

Question 4 (5 points)

The qualitative forecasting method that iteratively uses anonymous feedback from experts is called

Delphi method.

Question 5 (5 points)

Associative models can generate a forecast between any pair of variables.

False

Associative models (often called causal models) assume that the variable being forecasted is related to other variables in the environment.

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