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MCQs on forecasting methods/techniques

6. One of the series included among the lagging indicators is

A. the change in sensitive material prices
B. the index of industrial production
C. employees on non-agricultural payrolls
D. average duration of unemployment

7. An explanatory forecasting technique in which the analyst must select independent variables that help determine the dependent variable is called

A. exponential smoothing
B. regression analysis
C. trend analysis
D moving average method

8. When the more recent observations are more relevant to the estimate of the next period than previous observations, the naive forecasting method to employ is

A. exponential smoothing
B. compound growth rate
C. trend analysis
D. moving averages

9. The forecasting technique, which predicts technological trends and is carried out by a sequential series of written questions and answers ias

A. the Delphi method
B. the market research method
C. opinion polling
D. the jury of executive opinion approach

10. The following is not one of the leading indicators:

A. index of consumer expectations, U of Michigan
B. change in consumer price index for services
C. vendor performance, slower deliveries diffusion index
D. manufacturers' new orders, nondefense capital goods

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Hello

Please see the reponses as below

6. One of the series included among the lagging indicators is

A. the change in sensitive material prices
B. the index of industrial production
C. employees on non-agricultural payrolls
D. average duration of unemployment

Answer: D, average duration of unemployement, as it indicates the turning points and effect of disparities the economy

7. An explanatory forecasting technique in which the analyst must select independent variables that help determine ...

Solution Summary

Answers to MCQs on forecasting methods/techniques are provided with explanations

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