Multiple Choice
Match these items.
-Mean forecast error
A) Uses alpha and beta
B) Included in the multiplicative model
C) A qualitative forecasting technique
D) A measure forecast bias
E) A measure of absolute forecast error
F) Demand that repeats over long period of time
G) A type of forecast error
H) Uses only alpha as a smoothing constant
I) Includes a saturation stage
J) Past demand data
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Match these items.<br>-Product life cycle<br>A) Uses alpha
Q3: The forecasting technique that allows managers to
Q4: Use of time-series as the basis of
Q5: In simple exponential smoothing, if the alpha
Q6: A positive MFE indicates that the forecast
Q7: A good guide to follow regarding planning
Q8: The weekly demand for French fries
Q9: The development of a multiplicative model for
Q10: Match these items.<br>-Seasonality and trend<br>A) Uses alpha
Q11: A tracking signal is used<br>A) To state