Question: ( 3 3 points total - 2 or 3 pts each ) 6 . Multiple choice / Short answer ( show your answer clearly )
points total or pts each
Multiple choiceShort answer show your answer clearly:
For the first questions, consider the forecast and actual demand shown below for the past weeks.
tableWeekDemand,Forecast
pts What is the MAD for the forecast?
a
b
c
d
e none of the above.
pts What is the mean squared error MSE for the forecast?
a
b
c
d
e none of the above.
pts In which range is the MAPE for the forecast?
a
b
c
d
e
pts If you use a moving average forecast to forecast data with an upward trend, then the forecast will generally be
a too high
b too low
pts Qualitative forecasting approaches are best used
a when there is a large amount of data and time available to make the forecast.
b when there is little data or time available to make the forecast.
pts At a walkin medical clinic, the time between customer arrivals averages seconds. On average, a customer spends minutes at the center. What is the average arrival
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