which of the following demand forecast is more likely to be accurate?
A. Forecast for demand of 12,000 personal computers in the next year
B. Forecast for demand of 1,000 personal computers in the next month
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Time-series models are used in
A. quantiative forecating
B. qualitative forecasting
C. pyramid forecasting
D. associative forecasting
Which of the following correctly identifies an effect of using moving average forecast?
A moving average generally takes trends into account
B. A moving average forecast is always more accurate than a forecast using naive method
C. A moving average forecast smooths out random variations
D. Moving average don't require complex calculations or burdensome record keeping
The EOQ model takes into account which of the following in its calculation?
A. Lead time duration
B. Demand during the lead time
C. Annual carrying cost
D. Safety stock
Which of the following is an inventory order system that places orders at varying times based on the average demand during the lead time?
A. order point system
B. Periodic review system
C. Min-max system
D. Economic order quantity(EOQ)
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