Question: 1. The forecasting model based on the idea that data relating to past demand can be used to predict future demand is __________. Question 2

1. The forecasting model based on the idea that data relating to past demand can be used to predict future demand is __________.

Question 2 options:

Causal Forecasting

Simulation Forecasting

Time Series Analysis

None of the above

Qualitative Forecasting

2. __________ techniques are subjective or judgmental based on estimates and opinions

Question 3 options:

Qualitative

Quantitative

3. Which of the following is not one of the components of demand according to your text?

Question 4 options:

Average Demand for the Period

Seasonal Element

Random Variation

Autocorrelation

Auto regressive tendencies

All of the above are components of demand

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