QUESTION 18 1. A COSTCO store's monthly sales are characterized with an average of $500K and a standard deviation of $200K. Such monthly sales time series in terms of forecastability would be considered as C a. Regular C b.Lumpy C c. Trendy C d. Stable C e. Seasonal QUESTION 19 1. When applying a forecasting model, which measure monitors the fit of the model to detect when the model no longer accurately represents the data C a. Standard deviation of the sample C b.Variance of the sample C c. Mean squared errors (MSE) C d. Mean absolute deviation (MAD) C . Tracking signal QUESTION 20 1. When demand is lumpy or highly uncertain (making typical forecasting method unstable), what would be the best courses of action in forecasting? C a. Seek information from suppliers and carriers C b. Seek information directly from customers, and Collaborate with other channel members C c. Collaborate with production managers to control product quality C d. Collaborate with finance managers to assure funding e. Seek more control regarding hiring from human resource department

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QUESTION 18
1. A COSTCO store's monthly sales are characterized with an average of $500K and a
standard deviation of $200K. Such monthly sales time series in terms of
forecastability would be considered as
C a. Regular
O b. Lumpy
C c. Trendy
C d. Stable
C e. Seasonal
QUESTION 19
1. When applying a forecasting model, which measure monitors the fit of the model
to detect when the model no longer accurately represents the data
C a. Standard deviation of the sample
C b. Variance of the sample
C c. Mean squared errors (MSE)
C d. Mean absolute deviation (MAD)
C c. Tracking signal
QUESTION 2o
1. When demand is lumpy or highly uncertain (making typical forecasting method
unstable), what would be the best courses of action in forecasting?
C a. Seek information from suppliers and carriers
C b. Seek information directly from customers, and Collaborate with other channel members
C c. Collaborate with production managers to control product quality
C d. Collaborate with finance managers to assure funding
e. Seek more control regarding hiring from human resource department
Transcribed Image Text:QUESTION 18 1. A COSTCO store's monthly sales are characterized with an average of $500K and a standard deviation of $200K. Such monthly sales time series in terms of forecastability would be considered as C a. Regular O b. Lumpy C c. Trendy C d. Stable C e. Seasonal QUESTION 19 1. When applying a forecasting model, which measure monitors the fit of the model to detect when the model no longer accurately represents the data C a. Standard deviation of the sample C b. Variance of the sample C c. Mean squared errors (MSE) C d. Mean absolute deviation (MAD) C c. Tracking signal QUESTION 2o 1. When demand is lumpy or highly uncertain (making typical forecasting method unstable), what would be the best courses of action in forecasting? C a. Seek information from suppliers and carriers C b. Seek information directly from customers, and Collaborate with other channel members C c. Collaborate with production managers to control product quality C d. Collaborate with finance managers to assure funding e. Seek more control regarding hiring from human resource department
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