Math 540 Midterm

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MAT540046VA016-1132-001 Quantitative Methods
Review Test Submission: Midterm Exam

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MAT540046VA016-1132-001 (Quantitative Methods)

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Review Test Submission: Midterm Exam
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User | | Course | Quantitative Methods | Test | Midterm Exam | Started | 2/9/13 10:35 PM | Submitted | 2/11/13 5:07 PM | Status | Completed | Score | 150 out of 200 points | Time Elapsed | No data | Instructions | |

Question 1
5 out of 5 points | | | Deterministic techniques assume that no uncertainty exists in model

Which of the following characteristics is exhibited by the data?Answer | | | | | Selected Answer: | None of the above | Correct Answer: | None of the above | | | | |
Question 20
5 out of 5 points | | | __________ is absolute error as a percentage of demand.Answer | | | | | Selected Answer: | MAPD | Correct Answer: | MAPD | | | | |
Question 21
5 out of 5 points | | | __________ is a category of statistical techniques that uses historical data to predict future behavior.Answer | | | | | Selected Answer: | Time series | Correct Answer: | Time series | | | | |
Question 22
5 out of 5 points | | | Which of the following possible values of alpha would cause exponential smoothing to respond the most slowly to sudden changes in forecast errors?Answer | | | | | Selected Answer: | .01 | Correct Answer: | .01 | | | | |
Question 23
5 out of 5 points | | | __________ methods are the most common type of forecasting method for the long-term strategic planning process.Answer | | | | | Selected Answer: | Qualitative | Correct Answer: | Qualitative | | | | |
Question 24
5 out of 5 points | | | In exponential smoothing, the closer alpha is to __________, the greater the reaction to the most recent demand.Answer |