1-

Time series forecast analyze data obtained from past experience

True

False

2-

Which of the following are used as inputs in forecasting system?

		Historical data in the form of a time series of previous sales or orders
		Experts opinions of an organizations personnel
		Results of special surveys
		All of the above

3-

Qualitative methods of forecasting are subjective in nature and rely on human judgment

True

False

4-

Which of these helps organizations reduce employee turnover and absenteeism:

		Training & development
		Internal staffing
		Job design
		Management by objective

5-

Which of these represent non-scheduled report needed at the moment by management?

		Scheduled report
		Key-indicator report
		Demand report
		Exception report