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ISQS 3344 Final Exam Questions And Answers With Correct Solutions 2024
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ISQS 3344 Final Exam Questions And Answers With Correct Solutions 2024
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ISQS 3344 Final Exam Questions AndAnswers With Correct Solutions 2024
A .typical .approach .used .to .collect .data .for .judgmental .forecasts .is .____________ .-
.correct .answer.Survey .questionnaire
When .the .time .series .in .an .exponential .smoothing .model .produces .a .negative .trend, .the
.____________ .- .correct .answer.Forecast .will .overshoot .the .actual .values
For .a .time .series, .its .systematic .pattern .of .decline .or .growth .is .characterized .as .its .-
.correct .answer.trend
What .technique .is .used .to .predict .future .demands .when .historical .data .is .unavailable? .-
.correct .answer.Judgmental .forecasting
Which .of .the .options .provided .are .associated .with .the .effective .planning .of .facility
.expansion? .- .correct .answer.Long-range .forecasts
Which .type .of .pattern .can .be .described .as .regular .upturns .and .downturns .in .a .data .series
.occur .over .long .periods .of .time? .- .correct .answer.Cyclical .patterns
Which .term .describes .the .value .achieved .by .subtracting .the .forecast .value .from .the
.observed .value .in .a .time .series? .- .correct .answer.Forecast .error
________ .references .a .forecast's .tendency .to .be .larger .or .smaller .than .the .actual .values
.of .a .time .series .on .a .consistent .basis. .- .correct .answer.Bias
What .should .the .value .of .the .smoothing .constant .be .in .an .exponential .smoothing .model
.to .be .generally .equivalent .to .a .moving .average .model .that .has .employed .a .4-month
.moving .average? .- .correct .answer.More .than .0.30
Which .has .the .most .utility .for .allocating .budgets .among .divisions, .scheduling .jobs .and
.resources, .and .planning .workforce .levels? .- .correct .answer.Intermediate-range .forecasts
A .tracking .signal .offers .the .means .to .monitor .a .forecast .by .numerically .representing
._________ .- .correct .answer.Bias
, Choose .the .forecasting .technique .used .for .forecasting .the .time .series .value .in .a
.subsequent .period .by .employing .a .weighted .average .of .previous .time .series .values. .-
.correct .answer.Single .exponential .smoothing
Which .method .is .used .in .the .construction .of .a .statistical .model .that .establishes .a
.relationship .between .one .or .more .independent, .numeric .variables .and .one .dependent,
.numeric .variable? .- .correct .answer.Regression .analysis
Which .is .defined .as .repeatable .periods .of .ups .and .downs .over .relatively .short .periods .of
.time, .as .it .pertains .to .data .patterns .and .variations .in .a .time .series? .- .correct
.answer.Seasonal .patterns
Harry, .an .executive .manager .at .YingYang .Inc., .plotted .the .company's .energy .costs .of .$1
.billion .over .the .last .10 .years. .His .chart .implied .the .energy .costs .were .increasing .linearly
.and .predictably. .Further, .the .energy .costs .were .dependent .on .time .by .the .function, .Y .t .=
.5 .+ .3t. .Y .t .represents .the .yearly .energy .cost .in .year .t. .Based .on .this .linear .equation, .what
.is .the .value .of .the .intercept .that .best .fits .the .time .series. .- .correct .answer.5
Choose .the .most .accurate .statement .regarding .simple .exponential .smoothing. .Assume
.the .time .series .is .relatively .stable .with .minimal .random .variability. .- .correct
.answer.Values .of .the .smoothing .constant .larger .than .0.5 .place .more .emphasis .on .recent
.data.
When .are .moving .average .methods .most .effective? .- .correct .answer.Demand .is
.relatively .stable .and .consistent
With .data .patterns .in .a .time .series .in .mind, .which .term .describes .an .explainable, .one-
time .variation? .- .correct .answer.Irregular .variation
Select .the .forecast .or .method .that .is .rooted .in .the .assumption .future .outcomes .will .be .an
.extrapolation .of .previous .observations. .- .correct .answer.Statistical .forecasting
Which .of .the .following .are .instrumental .in .the .planning .of .production .schedules .and .the
.assignment .of .workers .to .jobs .by .operations .managers? .- .correct .answer.Short-range
.forecasts
Which .statement .best .characterizes .the .beta .probability .distribution .approach .within .the
.framework .of .Project .Evaluation .and .Review . Technique .(PERT)? .- .correct .answer.It
.allows .managers .to .identify .the .best .case, .worst .case, .and .most .likely .case .for .activity
.times.
Choose .the .term .characterized .as .a .temporary .and .often-customized .initiative .consisting
.of .several .smaller .tasks .and .activities? .It's .necessary .these .tasks .and .activities .are
.coordinated .and .completed .in .order .to .finish .the .whole .initiative .by .its .due .date .and .within
.the .allotted .budget. .- .correct .answer.Project
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