Question: 1. (TRUE or FALSE) FORECASTING - With a Naive Forecasting Model, whatever happens this month will be the forecast for the next three months. 2.
1. (TRUE or FALSE) FORECASTING - With a Naive Forecasting Model, whatever happens this month will be the forecast for the next three months. 2. (TRUE or FALSE) FORECASTING - An MAD of zero indicates that the forecasting model is perfect for the data provided. 3. (TRUE or FALSE) FORECASTING - A 2-period Moving Average forecasting model can be used to predict the next 2 periods. 4. (TRUE or FALSE) FORECASTING - Additive Decomposition is best used when the data is in a straight line. 5. (TRUE or FALSE) FORECASTING - A moving average forecasting method is a causal forecasting method. 6. (TRUE or FALSE) FORECASTING - The fewer the periods over which one takes a moving average, the more accurately the resulting forecast mirrors the actual data of the most recent time periods. 7. (TRUE or FALSE) ASSIGNMENTS - If the Opportunity Cost for Smith doing Project B is -5, then forcing Smith to do Project B will reduce the optimal total by 5 units. 8. (TRUE or FALSE) ASSIGNMENTS - A Dummy person will appear in the solution when there are more people than tasks. 9. (TRUE or FALSE) ASSIGNMENTS - If reassigning a task to a different person results in an opportunity cost of zero, then multiple optimal solutions must exist. 10. (TRUE or FALSE) ASSIGNMENTS - If an assignment problem is used to minimize cost, then the lowest cost of task to machine will always be a part of the optimal solution (i.e., the lowest number in the table).
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