Devry GSCM330 Week 1 Quiz Latest 2019 MAY

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.

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