The Delphi method used for forecasting
A/ uses a panel of experts,whose identities are typically kept confidential from one, another responds to a sequence of questionnaires.
Before launching a new line of toys. T
...
The Delphi method used for forecasting
A/ uses a panel of experts,whose identities are typically kept confidential from one, another responds to a sequence of questionnaires.
Before launching a new line of toys. Toys inc. used the method of historical analogy to obtain a forecast. In this scenario, toys inc.
A/ noted the consumer response to similar previous products to marketing campaigns and used the responses as a basis to predict how the new marketing campaign might fare
In forecasting what is an index?
A/ It is a single measure that weights multiple indicators and provides measure of overall expectation
What is a stream of historical data known as?
A/ A time series
The data for the number of hand-held gaming devices sold for the past 5 weeks are 15 units, 20 units, 25 units. 30 units and 17 units respectively. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects; thus a moving average model would be appropriate. Setting k = 3 the three- period moving average forecast for week 6 is______.
A/ 24 units
For the given data, the simple moving average means absolute deviation is______.
A/ 14.25
Calculate the value of the mean absolute percentage error for the given data
A/ 29.97
If the given time series has no trend and no seasonality, the most appropriate forecasting model to determine the forecast of the time series is the_______ model.
A/ Single moving average
If the given time series has a trend and no seasonality, the most appropriate forecasting model to determine the forecast of the time series is the_____model.
A/ Double exponential smoothing
If the given time series has a trend and seasonality, the most appropriate forecasting model to determine the forecast of the time series uses the _____ model.
A/ Holt.Winters multiplicative.
Indicators are measures that are believed to influence the behavior of variables an individual wishes to forecast.
A/ True
The indexes in the forecasting indicators provide a complete forecast
A/ False
A cyclical effect is one that repeats at fixed intervals of time, typically a year, month,week,or day.
A/ False
If a time series has seasonality but no trend, the most appropriate model used for forecasting is the holt-winters model.
A/ False
Troista mobile accessories sells mobile apps on their web site. If a customer spends on average, $12 per visit and visits the web site 20 times each year, what is the average non discount gross profit during the customer's lifetime? Given that troista makes a margin of 60 percent on the average bill, with 25 percent of customers not returning each year.
A/ $576
Which of the following is necessary to calculate the variable cost of production for the company to develop a profit model?
A/ Quantity of item produced
In which of the following ways does demand influence profit?
A/ It predicts how many units will be sold
Which of the following formulas would be used to calculate the net income value using only the data value?
A/ =B5-SUM(B6:B11)
Calculate the revenue for units sold?
A/ $1.786,000
Calculate the projected sales for the first year?
A/ 210.000
Which of the following is the value for quantity sold?
A/ 51
Calculate the customer arrivals at the metza
A/ 380
What will be sheila’s salary in her second year of work at simpson?
A/ $78,750
Calculate the total total revenue when the quantity produced us 55,000 and demand is 60,000.
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