Answered: 1. Which of the following exactly…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.3: Simple Regression Models

Problem 2P: The file P13_02.xlsx contains five years of monthly data on sales (number of units sold) for a...

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1. Which of the following exactly defines continuous processes?

- Continuous processes are able to produce very high volumes of outputs.

- Continuous processes are able to produce very low volumes of outputs.

- Continuous processes are able to produce very high volumes of fully standardized outputs.

- Continuous processes are able to produce very high volumes of low standardized outputs.

2. A company produces plastic glasses and wants to use exponential smoothing for forecasting. It is known that demand forecast in the last period (t-1) was 400 glasses while actual demand (t-1) was 380. It is also known that actual demand in the current period (t) will be 550 glasses. Exponential smoothing coefficient (α) is 0.30. Make a forecast for the next period (t+1).

- 510

- 394
- 440

-441

Which of the following is considered to be the most critical driving force of continuous quality improvement in TQM philosophy?

- PDSA cycle

- Malcolm Baldridge Quality Award Model

- quality function deployment

- ISO 9000 standards

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