The factors using a forecasting technique are: a. Cost Ob. Accuracy Oc. Availability of forecasting software d. All of them Simple Linear Regression Assumptions are: a. Variations around the line are random b. Deviations around the average value the line) should be normally distributed . Predictions are made only within the range of observed values Od. All of them QUESTION 5 Owner of Blue Ocean Tans Unlimited in a local mall is forecasting this month's (October's) demand for the one new tanning booth based on the following historical data: Month Number of Visits April 100 May 140 June 110 July 150 August 120 September 160 What is this month's forecast using the naive approach? QUESTION 9 Steps in the Forecasting Process are: O a. Determine the purpose of the forecast and establish a time horizon Ob.Obtain, clean, and analyze appropriate data O c. Select a forecasting technique and Make the forecast and Monitor the forecast Od All of them What is the multifactor productivity for Machining Aero Inc. using the following data? 10,000 Units Produced Sold for $10/unit 500 labor hours Labor rate: $9/hr Cost of raw material: $30,000 Overhead: $15,500 a. $3.7 for every $1 b. $2 for every $1 . $2.57 for every $1 Od None of them QUESTION 15 Productivity improves when firms: a. Become more efficient b. Downsize or Expand Oc. Achieve breakthroughs O d. All of them The manager of a carpet store is trying to determine the best installation crew size. He has tried various crew sizes with the results shown below. Based on productivity, what crew size do you recommend? Crew size Yards Installed 2 716 4 1298 3 1083 1440 354 a. 4 O b. 2 Oc3 O d. 1