It would be most appropriate to combine a judgment approach to forecasting with a quantitative approach by:
A) having a group of experts examine each historical data point to determine whether it should be included in the model.
B) combining opinions about the quantitative models to form one forecasting approach.
C) adjusting a forecast up or down to compensate for specific events not included in the quantitative technique.
D) developing a trend model to predict the outcomes of judgmental techniques in order to avoid the cost of employing the experts.
C
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The ______________________________ is a statement of specific production goals developed from forecasts of demand, actual sales orders, or inventory information
Fill in the blank(s) with correct word
One approach for the project manager to digest, clarify and understand the factors leading to the selection of a specific international project is to use a(n) ________ matrix.
Fill in the blank(s) with the appropriate word(s).
A single-sampling plan using a sample size of 50 on a lot size of 2,000 has the following performance:
Proportion Defective Probability of Acceptance 0.01 0.98 0.02 0.95 0.03 0.90 0.04 0.74 0.05 0.41 0.06 0.15 Today the company making the purchase receives two lots of 2,000 items and the inspection department is in a big hurry. Which action will result in an identical AOQL for the purchasing company? A) Take a random sample of 25 from each lot and accept or reject both lots based on the results. B) Take a random sample of 50 from one lot and accept or reject the second lot based on the first lot's results. C) Take a random sample of 100 from one lot and accept or reject the second lot based on the first lot's results. D) Take a random sample of 50 from each lot and accept or reject each lot based on the results.
Which of the following statements is false with respect to the standard mileage rate?
A. Section 179 cannot be used on a standard mileage rate auto. B. The standard mileage rate encompasses depreciation. C. The standard mileage rate cannot be used on a taxi. D. The taxpayer can have an unlimited number of autos and use the mileage rate.