Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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22
Which of the following is not a type of qualitative
Select one:
a. jury of executive opinion
b. sales force composite
c. moving average
d. market survey
e. delphi method
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- Which of the following is important if forecasting is to have the desired positive effect on decisions? A. Communication between forecast staff and managment B. Ranges of forecast are reported to managment C. Forecast combination is examined D Forecast presentations should not be overly technical unless managment desires E All of the above Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardAn example of the Quantitative Method of forecasting is O Multiple Regression Market Research O the Delphi Methode O Jury of Executive Opinionarrow_forwardWhich type of data source is often used for predictive analytics? A. Historical data B. Survey data C. Social media data D. Transactional dataarrow_forward
- 17 Gradual upward or downward movement of data over time is called: Select one: a. a trend. b. seasonality. c. exponential variation. d. a cycle. e. random variation.arrow_forwardYou manager gave you February 2021 actual sales and sales forecast. This is the only raw data you have access to. Which of the following is the most appropriate technique for forecasting March 2021's sales? a.Simple moving average b.Exponential smoothing c.Causal relationship forecasting d.Simple linear regression e.Weighted moving averagearrow_forwardAn ethical statistical consultant would not always Multiple Choice follow accepted statistical procedures. support management’s desired conclusions. acknowledge sources of financial support. report limitations of the data.arrow_forward
- Give correct answer and give explaination and give summary at last.arrow_forwardIn respect of primary and secondary data compare and contrast: 1) The main differences between primary and secondary data 2)The advantages and disadvantages of primary and secondary dataarrow_forwardq25- Which data analytics type focuses on answering the question “How many computer monitors should we prepare for the next year-end sales?” Select one: a. Prescriptive analytics b. Predictive analytics c. Descriptive analytics d. Diagnostic analyticsarrow_forward
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