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Question 4. Multiple Choice Questions (45 points) Fill in the table with the right answers of Multiple Choice Questions. Clearly show your steps in solution-based questions and justify the qualitative ones. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1) Forecast methods based on judgment, opinion, past experiences, or best guesses are known as A) Short term methods B) Qualitative methods C) Long term methods D) Quantitative methods E) Intuitive methods 2) This forecast method is a mathematical technique that relates one variable, called independent variable, to another called the dependent variable. A) Relation method B) Newton's method C) Linear Regression D) Mean Absolute Deviation Method E) Nave Approach 3) In data of historical demand, if the points follow an up-and-down movement that repeats over a period of more than two years, this is known as: A) Period B) Season C) Alpha D) Beta E) Cycle 4) When we say that a forecast is providing better results than another forecast we mean: A) That the better forecast is showing less error in historical data B) That the forecast with higher MAD should be selected C) That the results of the better forecast will be more accurate D) That the forecast with the least predicted demand should be preferred E) That the better forecast is providing stable values with small variations