Question $1(4$ points$)$

Forecasts are always inaccurate and should thus include both the expected value $of$

the forecast and a measure $of$ forecast error.

True

False

Question $2(5$ points$)$

Which $of$ the following products have stable demand, thus generally easier $to$

forecast? Select all that apply.

milk

high$-$tech products

customized jewery

fashion goods

paper towels

Question $3(5$ points$)$

What $is$ collaborative forecasting $in$ supply chain?

When each stage $in$ the supply chain makes its own separate forecast

When downstream retailers generate the demand and share with the

manufacturers

When all stages $of$ a supply chain work together $to$ produce a forecast

When upstream suppliers generate the demand and share with the

manufacturers