Question 1.A company that uses portfolio analysis would probably classify things like office supplies in the Bottleneck quadrant.
True
False
Question 2.A firm's demand data from the last two quarter is displayed in the table. Use a three period weighted moving average with Wt=0.7, Wt-1=0.2, and Wt-2=0.1 to forecast demand for July.
MonthDemand
January154
February148
March214
April180
May225
June246
235.2
195.6
158.8
180.4
Question 3.The transportation mode other than highway with the highest annual tonnage in the United States is:
air.
water.
rail.
pipeline.
Question 4.The transportation mode with the highest dollar value of freight in the United States is:
water.
rail.
highway.
pipeline.
Question 5.Between any two locations, a less than truckload shipment probably experiences fewer stops and handling than a direct truck shipment.
True
False
Question 6.A long-term movement up or down in a time series is called:
seasonality.
trend.
randomness.
cycle.
Question 7.A qualitative forecasting technique in which individuals familiar with specific market segments estimate the demands within these sectors that are then summed to get an overall forecast is called a:
market survey
life cycle analogy
panel consensus
build-up method
Question 8.The greater the randomness in the model, the greater the number of periods should be used in a moving average forecast.
True
False
Question 9.A firm's demand data from the last two quarter is displayed in the table. Use a three period moving average to forecast demand for July.
MonthDemand
January154
February148
March214
April180
May225
June246
206
217
223
226
Question 10.The ratio of earnings to sales for a given time period is a firm's profit margin.
True
False