Multiple choice questions

Indicate whether the sentence or statement is True or False.

T 1. A trend is a gradual, long-term, up or down movement of
demand.

F 2. Time series methods are the most common type of
forecasting method for

the long-term strategic planning process.

F 3. Shorter-period moving averages react more slowly to
recent demand

changes than do longer-period moving averages.

T 4. Technological forecasting has become increasingly
crucial to compete in

the modern international business environment.

F 5. Time series methods relate the forecast to more than
just time.

Identify the letter of the choice that best completes the
statement or answers the question.

D 6. An example of forecasting is

a. meteorologists predicting the weather

b. sportscasters predicting the winner of a football game

c. managers attempting to predict how much of their product
will be demanded in the future

d. all of the above

C 7. ___________ is a gradual, long-term, up or down
movement of demand

a. Seasonal pattern

b. Cycle

c. Trend

d. Prediction

C 8. __________ is good for stable demand with no pronounced
behavioral patterns

a. Longer-period moving average

b. Shorter-period moving average

c. Moving average

d. weighted moving average

A 9. ___________ is a measure of the strength of the
relationship between independent and dependent variables.

a. Correlation

b. Linear regression

c. Coefficient of determination

d. Regression

D 10. In adjusted exponential smoothing, the closer beta is
to ____________, the stronger a trend is reflected.

a. -1 or 1

b. -1

c. 0

d. 1

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