1. Demand forecasting that projects historical demand into the future or uses multiple variables to predict demand is called

a. qualitative forecasting

b. quantitative forecasting

c. either qualitative and quantitative forecasting

d. the jury of executive opinion

e. the Delphi method

2. When calculating linear trend projections, _________ is the change in demand expected from a one time period increment.

a. the y-intercept

b. the x-intercept

c. the slope

d.

e.

3. The basic EOQ model determines an optimal order quantity that minimizes the __________ cost, which is the sum of the ____________ cost and the __________ cost.

a. ordering, holding, fixed

b. holding, ordering, purchasing

c. total, holding, ordering

d. opportunity, holding, ordering

e. purchasing, opportunity, holding

4. As the order size increases, ____________ costs increase while __________ costs decrease.

a. ordering, holding

b. holding, ordering

c. overhead, opportunity

d. opportunity, overhead

e. fixed, purchasing