Answer the following statements true (T) or false (F)
1. For good forecasts, the costs of preparing the forecasts should outweigh its benefits.
2. One of the features of a good forecast is that it should be complex.
3. Long-term forecasts tend to be more accurate than short-term forecasts.
4. Quantitative methods are appropriate for demand forecasting if there are causal relationships between explanatory variables.
5. The best-fit line is a major component of a time series.
1. False
2. False
3. False
4. True
5. False
You might also like to view...
If an advertisement appears on CSI three times and CSI has a Nielsen rating of 12.3, the gross rating points (GRP) would be:
A) 4.1 B) 12.3 C) 36.9 D) there is not enough information to calculate the GRP
Kirk Wilkins renewed his cell phone contract with Zip Wireless Services and purchased a new cell phone through the Zip Web site. If Kirk mails Zip Wireless Services his transaction receipt, he would be eligible to receive $50 as cash refund
Which of the following types of sales promotion is evident here? A) point-of-purchase promotion B) advertising specialty C) premium D) price pack E) rebate
Serengeti makes lightweight sunglasses with 100 percent UV protection for outdoor enthusiasts who love to hunt, hike, and ride bikes
Serengeti's long-term plans include the development of lenses that, in addition to protecting users from UV rays, will also have effective water-sheeting action to reduce lens spotting. The target market for this new feature will be people who fish. Serengeti has determined that fishing is one of the fastest growing sports in the United States. In terms of a SWOT analysis, Serengeti has recognized a market ________. A) weakness B) strength C) threat D) opportunity E) mix
In lean logistics, a milk run approach involves ______.
A. making right turns only when driving trucks B. making multiple drop-offs C. using full truckloads in transportation D. avoiding water transport