OPS571 Final Exam 2017
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OPS571 Final Exam 2017 1
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Question 1
In business forecasting, what is usually considered a medium-term time period?
Six weeks to one year
One to six months
One to five years
Three months to two years
Question 2
If a firm produced a standard item with relatively stable demand, the smoothing constant alpha (reaction rate to differences) used in an exponential smoothing forecasting model would tend to be in which of the following ranges?
20 to 80 percent
60 to 120 percent
5 to 10 percent
20 to 50 percent
Question 3
A projec...
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OPS571 Final Exam 2017•OPS571 Final Exam 2017
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Question 1
In business forecasting, what is usually considered a medium-term time period?
Six weeks to one year
One to six months
One to five years
Three months to two years
Question 2
If a firm produced a standard item with relatively stable demand, the smoothing constant alpha (reaction rate to differences) used in an exponential smoothing forecasting model would tend to be in which of the following ranges?
20 to 80 percent
60 to 120 percent
5 to 10 percent
20 to 50 percent
Question 3
A projec...