QUESTION $1$

Which forecasting approach does Hard Rock Cafe not use?

a$.$ the delphi method

b$.$ exponential smoothing

c$.$ weighted moving averages

d$.$ regression analysis

e$.$ all of the above

$2$ points

QUESTION $2$

The principal input data for the forecasting system at Hard Rock Caf$$ is

a$.$ the weights of the different ingredient groups that were consumed

b$.$ the count of the number of people that come through the door

c$.$ estimates from the managers

d$.$ figures from consumer surveys conducted by Headquarters

e$.$ none of the above

$2$ points

QUESTION $3$

In order to control their forecasting process, Hard Rock Caf$$ uses

a$.$ mean forecast errors

b$.$ mean absolute deviations

c$.$ forecast variances

d$.$ tracking signals

$2$ points

QUESTION $4$

Sales forecasts drive which of the following decisions at Hard Rock Cafe:

a$.$ Long$-$term purchasing

b$.$ cash flow borrowing needs

c$.($a$)$ and $($b$)$ above

d$.$ neither $($a$)$ nor $($b$)$ above

$2$ points

QUESTION $5$

Hard Rock Caf$$ estimates the impact of a price increase for one item on the demand for other items on the menu using

a$.$ trend$-$adjusted exponential smoothing

b$.$ econometrics analysis

c$.$ weighted moving averages

d$.$ regression analysis

e$.$ none of the above