Question 1

Using _____ software allows users to structure future business processes graphically and to analyze these processes by means of spreadsheets.

Accepted Answer

A) PrecisionTree 
B) P&G 
C) @RISK 
D) RISKOptimizer 
A) PrecisionTree 
B) P&G 
C) @RISK 
D) RISKOptimizer

Question 2

Each next period's forecast is updated from the last period's forecast by dropping the value of the oldest period of the series _____ and adding the latest observation,which is _____.

Accepted Answer

A) xt + 1; xt - N + 1 
B) xt - N + 1;xt + 1 
C) xt + N - 1;xt + 1 
D) xt - N + 1;xt - 1 
A) xt + 1; xt - N + 1 
B) xt - N + 1;xt + 1 
C) xt + N - 1;xt + 1 
D) xt - N + 1;xt - 1

Question 3

In smaller firms,the systems perspective dictates that representatives of all of the functional departments that "know something about the business" play a part in strategy development.

Accepted Answer

A) True 
 B)False

Question 4

Product life cycles have been speeding up,which means that growth has to occur _____.

Accepted Answer

A) neither slower nor faster 
B) at historical average levels 
C) slower 
D) faster 
A) neither slower nor faster 
B) at historical average levels 
C) slower 
D) faster

Question 5

During linear regression analysis,when outcomes are to be forecast,the knowledge that one time series leads another is not valuable information.

Accepted Answer

A) True 
 B)False

Question 6

The terms strategy and tactics have military origins.

Accepted Answer

A) True 
 B)False

Question 7

Given the following data,calculate the forecast for June using the moving average method with N = 3.Also calculate a weighted moving average forecast for June using weights of 0.5,0.3,and 0.2.Assume the actual demand for June was 200 units.Which method produced the best results?

Accepted Answer

@#IMG-DLM& 
Moving Average for June (180 + 160 + 1

Question 8

Operation centers are where the work is done that creates the product that customers buy.

Accepted Answer

A) True 
 B)False

Question 9

The method that is useful when trying to establish a relationship between two sets of time series numbers is _____.

Accepted Answer

A) the Delphi method 
B) the weighted moving average 
C) regression analysis 
D) exponential smoothing 
A) the Delphi method 
B) the weighted moving average 
C) regression analysis 
D) exponential smoothing

Question 10

MAD is simply the sum of all the error terms and is useful when overestimation errors cancel out underestimation errors.

Accepted Answer

A) True 
 B)False

Question 11

Forecasting momentum in the time series being forecast is observed to follow a course or direction that appears to be the result of an inherent force.

Accepted Answer

A) True 
 B)False

Question 12

Why should you use several readings over a single reading in forecasting?

Accepted Answer

Forecasting requires an understanding of

Question 13

When actual demand results are known,the various forecasting methods are evaluated again,and the one that is least successful is chosen to make the prediction for the next period.

Accepted Answer

A) True 
 B)False

Question 14

_____ are the basic pallet for the development of forecasting models.

Accepted Answer

A) Cycles 
B) Trends 
C) Steps 
D) all of the above 
A) Cycles 
B) Trends 
C) Steps 
D) all of the above

Question 15

_____ deals with using knowledge about cycles,trends,and averages to forecast future events.

Accepted Answer

A) Time analysis 
B) Time series 
C) Time series analysis 
D) Series analysis 
A) Time analysis 
B) Time series 
C) Time series analysis 
D) Series analysis

Question 16

When considering a linear regression analysis,the least-squares line minimizes the total variance of the distances of the observed points from the theoretical line.

Accepted Answer

A) True 
 B)False

Question 17

Many companies are divided into _____ in order to help them define clear,strong,and effective strategies.

Accepted Answer

A) tactical units 
B) strategic business units 
C) departments 
D) marketing units 
A) tactical units 
B) strategic business units 
C) departments 
D) marketing units

Question 18

In organizations that are strongly integrated,operations managers participate in planning the evolution of both new and existing products.That evolution over time is called the product

Accepted Answer

A) life cycles. 
B) synergy. 
C) syzygy. 
D) growth. 
A) life cycles. 
B) synergy. 
C) syzygy. 
D) growth.

Question 19

The trick to forecasting life cycle stages is to estimate how fast demand will increase over time,and for how long a period growth will continue.

Accepted Answer

A) True 
 B)False

Question 20

Today,sales patterns are becoming _____ stable with _____ competition and information.

Accepted Answer

A) less;decreasing 
B) less;increasing 
C) more;decreasing, 
D) more;increasing 
A) less;decreasing 
B) less;increasing 
C) more;decreasing, 
D) more;increasing

Using _____ software allows users to structure future business processes graphically and to analyze these processes by means of spreadsheets.

Each next period's forecast is updated from the last period's forecast by dropping the value of the oldest period of the series _ and adding the latest observation,which is _.

In smaller firms,the systems perspective dictates that representatives of all of the functional departments that "know something about the business" play a part in strategy development.

Product life cycles have been speeding up,which means that growth has to occur _____.

During linear regression analysis,when outcomes are to be forecast,the knowledge that one time series leads another is not valuable information.

The terms strategy and tactics have military origins.

Given the following data,calculate the forecast for June using the moving average method with N = 3.Also calculate a weighted moving average forecast for June using weights of 0.5,0.3,and 0.2.Assume the actual demand for June was 200 units.Which method produced the best results?

Operation centers are where the work is done that creates the product that customers buy.

The method that is useful when trying to establish a relationship between two sets of time series numbers is _____.

MAD is simply the sum of all the error terms and is useful when overestimation errors cancel out underestimation errors.

Forecasting momentum in the time series being forecast is observed to follow a course or direction that appears to be the result of an inherent force.

Why should you use several readings over a single reading in forecasting?

When actual demand results are known,the various forecasting methods are evaluated again,and the one that is least successful is chosen to make the prediction for the next period.

_____ are the basic pallet for the development of forecasting models.

_____ deals with using knowledge about cycles,trends,and averages to forecast future events.

When considering a linear regression analysis,the least-squares line minimizes the total variance of the distances of the observed points from the theoretical line.

Many companies are divided into _____ in order to help them define clear,strong,and effective strategies.

In organizations that are strongly integrated,operations managers participate in planning the evolution of both new and existing products.That evolution over time is called the product

The trick to forecasting life cycle stages is to estimate how fast demand will increase over time,and for how long a period growth will continue.

Today,sales patterns are becoming _ stable with _ competition and information.

Product Line Planning and the Systems Approach

Productivity and Strategic Planning

Understanding Quality: ITS Management and Strategic Importance

Process Configuration Strategies

Process Analysis and Redesign

Quality Assurance

Management of Technology Mot

Teamwork Planning Requires Job Design

Supply Chain Capacity Planning

Facilities Planning: Location and Layout

Materials Management Impacts All Supply Chain Participants

Aggregate Planning to Balance Supply and Demand

Inventory Management for Smooth and Continuous Demand Patterns

Material Requirements Planning Mrp for Sporadic Demand Patterns

Production Scheduling for Manufacturing and Service Operations

Cycle-Time Management Increases Productivity

Project Management for New Products and Processes

Change Management With Faster Project Completions

Sustainability Issues: Environment, Ethics, and Security

Filters

Exam 3: Demand Creation and Predictive Planning

Using _____ software allows users to structure future business processes graphically and to analyze these processes by means of spreadsheets.

Each next period's forecast is updated from the last period's forecast by dropping the value of the oldest period of the series _____ and adding the latest observation,which is _____.

In smaller firms,the systems perspective dictates that representatives of all of the functional departments that "know something about the business" play a part in strategy development.

Product life cycles have been speeding up,which means that growth has to occur _____.

During linear regression analysis,when outcomes are to be forecast,the knowledge that one time series leads another is not valuable information.

The terms strategy and tactics have military origins.

Given the following data,calculate the forecast for June using the moving average method with N = 3.Also calculate a weighted moving average forecast for June using weights of 0.5,0.3,and 0.2.Assume the actual demand for June was 200 units.Which method produced the best results?

Operation centers are where the work is done that creates the product that customers buy.

The method that is useful when trying to establish a relationship between two sets of time series numbers is _____.

MAD is simply the sum of all the error terms and is useful when overestimation errors cancel out underestimation errors.

Forecasting momentum in the time series being forecast is observed to follow a course or direction that appears to be the result of an inherent force.

Why should you use several readings over a single reading in forecasting?

When actual demand results are known,the various forecasting methods are evaluated again,and the one that is least successful is chosen to make the prediction for the next period.

_____ are the basic pallet for the development of forecasting models.

_____ deals with using knowledge about cycles,trends,and averages to forecast future events.

When considering a linear regression analysis,the least-squares line minimizes the total variance of the distances of the observed points from the theoretical line.

Many companies are divided into _____ in order to help them define clear,strong,and effective strategies.

In organizations that are strongly integrated,operations managers participate in planning the evolution of both new and existing products.That evolution over time is called the product

The trick to forecasting life cycle stages is to estimate how fast demand will increase over time,and for how long a period growth will continue.

Today,sales patterns are becoming _____ stable with _____ competition and information.

Product Line Planning and the Systems Approach

Productivity and Strategic Planning

Understanding Quality: ITS Management and Strategic Importance

Process Configuration Strategies

Process Analysis and Redesign

Quality Assurance

Management of Technology Mot

Teamwork Planning Requires Job Design

Supply Chain Capacity Planning

Facilities Planning: Location and Layout

Materials Management Impacts All Supply Chain Participants

Aggregate Planning to Balance Supply and Demand

Inventory Management for Smooth and Continuous Demand Patterns

Material Requirements Planning Mrp for Sporadic Demand Patterns

Production Scheduling for Manufacturing and Service Operations

Cycle-Time Management Increases Productivity

Project Management for New Products and Processes

Change Management With Faster Project Completions

Sustainability Issues: Environment, Ethics, and Security

Filters

Each next period's forecast is updated from the last period's forecast by dropping the value of the oldest period of the series _ and adding the latest observation,which is _.

Today,sales patterns are becoming _ stable with _ competition and information.