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Devry GSCM330 Week 1 Quiz Latest 2019 MAY

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Due on: 05/15/2019
Posted On: 05/15/2019 09:04 AM
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GSCM330 Strategic Supply and Master Planning

Week 1 Quiz

Question 1 Which of the following statements is not true about forecasts?

Become more accurate with shorter time horizons

Can be 100% perfect

Are more accurate for groups of items than for individual items

None of the above

Question 2 A characteristic of time series data that it is not possible to forecast is which of the following?

Trends

Seasonality

Random variation

Cycles

Regression

Question 3 What is the approximate forecast for July using a 4-month moving average if the historical demand is as follows: January is 39, February is 36, March is 40, April is 42, May is 48, and June is 46?

38

44

42

43

39

Question 4 Monthly sales of sandwiches at the neighborhood bar and grill are in the table below. Based on this data, forecast month nine using a 4-week moving average.

Month

Sales

1

415

2

389

3

420

4

382

5

410

6

432

7

405

8

421

415

420

425

430

417

Question 5 Forecasts used for planning purchasing, job scheduling, workforce levels, job assignments, and production levels typically utilize a

long-range forecast.

medium-range forecast.

naïve method.

short-range forecast.

None of the above

Question 6 Which of the following should be considered as very important when developing sales forecasts?

Product life cycles

Medium-range forecasts

The Delphi technique

Political stability

None of the above

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Preview: 48, xxx June xx 46?You Answered  38Correct xxxxxxxxxxxx    42  43  39Using the xxxx 4 xxxxxx xx March, xxxxxx May, and xxxxx the answer xx calculated xx xxxxxxx May xxxxxxxx = (40 x 42 + xx + xxx x 4, xxxxx equals 176 x 4, which xxxxxx 44 xxxxxxx xxx model xx a 4-month xxxxxx average, the xxxxxxx and xxxxxxxx xxxx is xxxxxxx  Question 410 / xxxxxxxxxxxx 6 and xx Monthly xxxxx xx sandwiches xx the neighborhood.....
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