A forecaster must decide on the value of this factor before he can use the simple

moving average model. *

Actual demand for each period

Averaging period
Exponential smoothing constant
Weights

A forecaster must decide on the value of this factor before he can use the
exponential smoothing model. *

Actual demand for each period

Averaging period
Exponential smoothing constant
Weights

A forecaster must calculate this value to assess the accuracy of a time series
forecasting model. *

Averaging period
Correlation coefficient
Exponential smoothing constant
Mean absolute deviation

A set of data collected and recorded at regular intervals of time. *

Actual demand data

Demand forecast data
Sales data
Time series data

In this forecasting method, managers of the organization discuss and must reach a
consensus to arrive at a forecast. *

Delphi technique
Executive opinion
Historical analogy
Sales force composite
In this forecasting method, the actual demand data for the most recent period is
adopted as the forecast for the immediately succeeding period *

Naive approach
Simple moving average
Historical analogy
Exponential smoothing

This description of the future is a major basis of planning and all the other
management functions. *
Exponential smoothing
Forecast
Linear regression
Time series

A forecaster is attempting to predict the demand for a newly introduced Product A by

assuming that it would behave as the demand pattern of Product X, a similar product
that has been in the market for at least 5 years; which of the following forecasting
models is being used? *

Executive opinion
Historical analogy
Market survey
Naive approach

This general classification of forecasting methods predominantly uses personal

opinion or subjective judgment. *

Linear regression
Qualitative
Quantitative
Time series
Which forecasting model assumes that what will happen in the immediately
succeeding period is most likely similar to what happened this period than to that of,
say, three periods ago? *

Delphi technique
Linear regression
Naive approach
Weighted moving average

In this layout design, the facility is arranged such that workstations and equipment
are grouped together according to the function that they perform. *

Cellular

Fixed-position

Process

Product

In this layout design, the facility is arranged such that workstations and equipment
are in a line to provide the sequence of operations required to create the product. *

Cellular

Fixed-position

Process

Product

Conversion systems that produce low volume, high variety products. *

Batch

Continuous

Intermittent

Repetitive
Conversion systems that produce high volume, low variety products. *

Batch

Continuous

Intermittent

Repetitive

Facility layout design appropriate for intermittent operations. *

Cellular

Fixed-position

Process

Product

Facility layout design appropriate for continuous operations. *

Cellular

Fixed-position

Process

Product

Mathematical model appropriate for process layout design. *

Cellular

Fixed-position

Line balancing

Load-distance
Mathematical model appropriate for product layout design. *

Cellular

Fixed-position

Line balancing

Load-distance

Data needed when designing a facility according to process layout design. *

Number of loads (people, materials, products) to be moved between

departments

Output capacity

Precedence requirements

Tasks to be done

Following are data needed when designing a facility according to product layout
design, EXCEPT: *

Distance between pairs of departments

Operating time

Output capacity

Tasks to be done
The 2-month SMA forecast for Month 6 would be: *

565 haircuts

574 haircuts

578 haircuts

584 haircuts

With weights of 0.5, 0.3, and 0.2, the WMA forecast for Month 6 would be: *

565 haircuts

574 haircuts

578 haircuts

584 haircuts

With alpha = 0.8, the ES forecast for Month 6 would be: *

565 haircuts

574 haircuts

578 haircuts

584 haircuts
With MAD as the criterion, the best forecasting model for this time series data is: *

Naïve approach

2-week SMA

WMA with weights: 0.5, 0.3, 0.2

D. ES with alpha = 0.8

The demand forecast for Month 6 would be: *

565 haircuts

574 haircuts

578 haircuts

584 haircuts
With Time Period as the independent variable, the equation of the regression line is:
*

y = 0.31 + 1.20x

y = 0.79 + 3.47x

y = 1.20 + 0.31x

y = 3.47 + 0.79x

With Time Period as the independent variable, the carpet sales forecast for Month 11
is: *

7,400 yards

12,160 yards

24,310 yards

38,960 yards

With Monthly Construction Permits as the independent variable, the equation of the
regression line is: *

y = 0.31 + 1.20x

y = 0.79 + 3.47x

y = 1.20 + 0.31x

y = 3.47 + 0.79x
With Monthly Construction Permits as the independent variable, the carpet sales
forecast if 20 construction permits for new homes are filed is: *

7,400 yards

12,160 yards

24,310 yards

38,960 yards

Using correlation coefficient as the criterion, the better forecasting model is: *

The one with Time Period as the independent variable

The one with Monthly Construction Permits as the independent variable

Which of the potential layouts shown above should be recommended to the bank
management? *

Layout A

Layout B

Layout C

Layout D

None of the above

What is the Summation LxD of the recommended layout? *

5 points

10,640 feet

15,960 feet

26,600 feet

38,800 feet

None of the above

What is the cycle time? *

1.92 seconds per unit

30 units per hour

60 minutes per unit

120 seconds per unit

What is the theoretical minimum number of workstations? *

3 workstations

3.5 workstations

3.83 workstations

4 workstations

5 workstations

Which of the following statements is FALSE? *

Tasks A, B, and C can be started as soon as possible.

All of the tasks A, B and C should be finished first before task F can be started.

All of the tasks A through H should be finished first before task I can be started.

All of the tasks B, E, C and F should be finished first before task H can be started.
There's only one best layout for this line balancing problem. *

True

False

Which of the potential layouts shown above should be recommended? *

Layout A

Layout B

Layout C

Layout D

None of the above

What is the efficiency of the production line? *

76.67%

85%

95.83%

100%

Cannot be determined