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Answer(s): A

QUESTION: 32
Each forecast is weighted by a given decimal value, known as , which is the difference between
the most recent actual demand and the forecast.

A. Exponential constant
B. Smoothing constant
C. Alpha constant
D. Demand constant

Answer(s): B

QUESTION: 33
To find a mathematical formula that wil approximately generate the historical demand patterns
in a time series is the goal of:

A. Box-Jenkins method
B. Statistical analysis method
C. Arithmetical model
D. Numerical smoothing analysis

Answer(s): A

QUESTION: 34
The goal of method is to find one or more independent variables that are good predictors of the
dependent variable.

A. Least squares regression
B. Casual modeling
C. Payoff regression
D. Associative modeling

Answer(s): A

QUESTION: 35
Seasonality can be forecast using a multiplicative model to create a seasonal index.

A. True
B. False

Answer(s): A

QUESTION: 36
Forecasters also estimate bias by using a , which is a ratio of the running sum of forecast errors
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