Question 8 Identify an example of time series forecasting method: Not yet answered Marked out of 1.00 P Flag question Select one: a. SMED O b. SPC / SQC O c Taguchi Method O d. Regression The project manager has been asked to make a Decision making under risk. What he should do? Select one: O a. Both above b. knows with certainty the consequences c. None of the above d. knows the probabilities of the various outcomes The scientist / mathematician involved to design the Criterion of realism is Select one: O a. Taguchi b. Hurwicz C. Edison d. Newton What is not the only variable of interest to forecasters in any organization? Select one: O a. Quality b. Penalty O c. Demand O d. Payment Which quantitative technique is a part of Prescriptive analytics? Select one: a. Simulation O b. None of these O c. Project scheduling O d. Linear programing You join a company where last five months production is reported in Mt. Predict the next number in the pattern:3.8,5.8,7.8,9.8,11.8 Select one: O a. 13.4 O b. 13.8 O c. 13.6 O d. 13.0 Your boss asked you that that forecasting is a process of predicting a future event based on which data, so how you will answer him? Select one: O a. Historical b. Statistical O c. Numerical d. Future