1. Which forecast model is always the best fit ?

1. 2 month moving average
2. 4 month moving average
3. Exponential moving average
4. One is not necessarily better than the other; the best fit is usually determined by the lowest mean absolute deviation

2. Aggregate planning consists of:

1. Company policies
2. Capacity constraints
3. Demand forecasts
4. All of the above

3. An item to consider when performing initial planning of an ERP system would be:

1. Identifying current bottlenecks
2. Determining if current hardware will support the ERP system
3. Training requirements and costs
4. All of the above

4. MPS represents:

1. Multiple production plans
2. Master production schedule
3. Monthly production schedule
4. Monetary sales schedule