Question

Question 12

The constant difference (higher or lower) between actual demand and forecast demand is called what?

It can also be found using the running sum of the forecasting error and the mean forecast error.

Group of answer choices

error

magnitude

mean absolute percent error

bias

Question 13

How much the forecast deviates from the actual observations is called what?

It can be found by using MAPE and SDFE.

Group of answer choices

error

running sum of the forecasting error

bias

magnitude

Question 14

We can use this metric to see how much bias is in our forecast.

Group of answer choices

Mean Absolute Percent Error

Running Sum of Forecast Error

Standard Deviation of Forecast Error

Question 15

We can use this metric to see the magnitude of our forecast error.

Group of answer choices

Mean Forecast Error

Mean Absolute Percent Error

Running Sum of Forecast Error

Error

Question 16

The time over which companies must make demand projections is called the

Group of answer choices

Order Cycle

Planning Horizon

Lead Time Gap

Lead Time

Question 17

A new DC can affect ROA by

Group of answer choices

all of the above

lowering the outbound costs which increases the Profit portion of the ROA equation

Increasing the Assest portion of the ROA equation

increasing the inbound cost which decreases the Profit portion of the ROA equation

Question 18

An example of the Qualitative Method of forecasting is

Group of answer choices

Exponential Smoothing

Jury of Executive Opinion

Simple Moving Average

Multiple Regression

Answer 1

Question 12

The constant difference (higher or lower) between actual demand and forecast demand is called what?

It can also be found using the running sum of the forecasting error and the mean forecast error.

Answer : Bias

Question 13

How much the forecast deviates from the actual observations is called what?

It can be found by using MAPE and SDFE.

Answer : magnitude

Question 14

We can use this metric to see how much bias is in our forecast.

Answer ; Running Sum of Forecast Error

Question 15

We can use this metric to see the magnitude of our forecast error.

Answer : Mean Absolute Percent Error

Question 16

The time over which companies must make demand projections is called the

Answer : Planning Horizon

Question 17

A new DC can affect ROA by

Answer : all of the above

Question 18

An example of the Qualitative Method of forecasting is

Answer : Jury of Executive Opinion