A product that is seasonally based on quarterly demand and the demand for the past three years is given below. There is no trend but there is seasonality. Average quarterly demand is 100 units. Calculate the seasonal index for the four quarters.
Correct Answer:
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Q1: MAD is:
A) period average demand * deseasonalized
Q2: What factors influence the demand for a
Q4: What is the purpose of a tracking
Q5: The old forecast for May was 220
Q6: The formula for the seasonal index is:
A)
Q7: Exponential smoothing:
A) will detect trends
B) will lag
Q8: Forecast error must be measured before it
Q9: To guard against inherent error in forecasting:
A)
Q10: _forecasting is most useful in forecasting the
Q11: Demand over the past three months has
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