1. There are how many pure aggregate planning strategies?
One
Two
Three
More than three
It depends on the organization
2. Which of the following is not a method for assessing the accuracy of forecasting models?
Error
Bias
MAD
MAPE
3. Which of the following is not a common pitfall of using regression to forecast?
Making predictions outside the range of data used to develop the model
Overly generalizing a regression model
Assuming a cause-and-effect relationship based on the model
Using a model with a negative slope coefficient
All of the above are common pitfalls
4. The best supplier candidates for Supplier Relationship Management (SRM) include all of the following EXCEPT?
a) Preferred Suppliers
b) Suppliers that provide lesser quantities of a crucial products/services
c) Developmental suppliers that need to make improvements
d) Suppliers that provide high volumes of products or services