ori0srz022, 00:23, Your Results for: Site ‘Your Rasuls for “TruaFalsa’ 'True/ False" Print this page: Introduction to Operations and Supply Chain Summary of Results Management, 3e (International edition) 50% Correct of 10 Scored items: Book Title: Introduction to Operations and Supply Chain score mm oe Management, 3/e (International Edition) 5 Incorrect: II 50% Book Author: Bozarth Location on Si More information about scori : Chapter 9: Forecasting > Online Study Guide > True/False Date/Time August 31, 2022 at 6:53 PM (UTC/GMT) Submitted: 1, EEE rorecasts are almost always wrong Your Answer: True CorREcT. 2. GEEEEEEB every week a bakery forecasts demand for each of the 15 varieties of cookies they produce. These forecasts will probably be more accurate than a single forecast for "cookies" (all varieties lumped together) Your Answer: True Correct Answer: False INCORRECT, The aggregate forecast for "cookies" will tend to be more accurate than the forecasts for each individual variety 3. GEETEEED pte plans to introduce a radically new way to make coffee sometime next year, Dubbed the iPot, it wil completely revolutionize the Coffee brewing process as we know i Forecasting demand is another matter however; Apple's cholce of a time series model Is the best choice to forecast demand for the iPot Your Answer: True Correct Answer: False INCORRECT. Little to no data are avalable, 2 qualitative approach is probably best 4. CED A time series pattern that exhibits both randomness and seasonality cannot also have a trend. Your answer: True Correct Answer: False INCORRECT. A long-term movement up or down may also be present despite the randomness and repeated pattern 5S, GEER A torecast that performs more smoothing than another must use more data from previous hitpsfiwps. et .oned.co.uklema._je_bozarth_intopscman_9/229/57293/1466726 .cwrindex html 118‘0108/2022, 00:23 periods, Your Answer: True CORRECT. Performing a last period forecast for three consecutive periods Is equivalent to using a moving average forecast of three periods. Your Answer: True Correct Answer: False INCORRECT. The last period model performs no smoothing ‘The exponential smoothing forecast equation includes a term for forecast error. Your Answer: True CORRECT. Every farmer knows that spreading manure will improve crop yields but a particularly well-educated farmer is interested in exactly how much improvement can be obtained from a given amount of manure. If this bright individual decides to use linear regression to determine the effect, he should use manure volume as his x variable and bushels per acre as his y variable. Your Answer: True CORRECT. ‘A well-educated lumberjack decides to develop a forecasting model for the demand for firewood, a highly seasonal item. His first step is to develop an unadjusted time series model and then calculate a seasonal index. His index for the bitterly cold winter would probably be less than 1. Your Answer: True Correct Answer: False INCORRECT. Since the ratio is Demand/Forecast, we would expect that to exceed 1 during the winter months, The forecast values of an unadjusted model should be too low. 10, Gi ‘A model with a negative mean forecast error (MFE) will tend to generate a forecast that exceeds actual demand, Your Answer: True CORRECT. hitps:lwps.pearsoned.co.uklema._je_bozarth_intopscman_3!229/57293/1466726 1.cwrindex htmlori0sr2022, 00.23, ‘Your Results for“TrusFalse" E-mail Your Results My name is (First last) E-mail my results to OD me Text v D instructor Text v Om Text v D other Text v la Copyright © 1995-2013 Pearson Education. All rights reserved. ‘Leaal and Privacy Notice '¢_bozarth_intopseman_3/229(57290/14867261 culindex hil