1.Simple forecasting methods like the three month moving average work best with which type of demand?

A.Declining demand

B.Stable demand

C.Rising demand

2.Forecasts are never perfect. It is important to evaluate forecast error and forecast accuracy to indicate if a forecasting method should be relied on. (T/F?)

3.Assume there is a capacity shortage for February 2021. What is the best way to quickly boost production for the upcoming promotional blitz?

A, Build a new production facility

B. Outsourcing some production to an offshore manufacture.

C. Automate the assembly process for faster production.

D. Run overtime to meet the higher demand.