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    Multiple choice questions

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    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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    Solution Summary

    Word file contains explanations and answers of multiple choice questions.