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.
.
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