The forecasting method which uses questionnaires to achieve a consensus forecast

Question

The forecasting method which uses questionnaires to achieve a consensus forecast is: sales force composites consumer surveys. the Delphi method. time series analysis. regression analysis. The primary difference between seasonality and cycles is the duration (length) of the repeating patterns the magnitude of the variation the ability to attribute the pattern to a cause. all of the above none of the above. The two most important factors in choosing a forecasting technique are: cost and time horizon accuracy and time horizon cost and accuracy. all of the above none of the above. The efficiency ratio must be larger than the utilization ratio because effective capacity is larger than design capacity. actual output is larger than effective capacity. design capacity is larger than effective capacity. actual output is larger than design capacity. it is impossible to determine. Which of the following is a false statement? Capacity can be increased or decreased exactly as needed Capacity decisions affect operating costs. Capacity decisions tend to involve long-term commitments. Excess capacity can be damaging to a company. Effective capacity is affected by scheduling problems. Which of these is not a stage in the life cycle of a product or service, or are all stages? Introduction Growth Maturity Decline All are stages.

Explanation / Answer

Q1. C. Delphi Method

Q2. A. Duration of repeating patterns

Q3. C. Cost and accuracy

Q4. C. Design capacity is larger than effective capacity

Efficiency ratio = Actual output / effective capacity

Utilisation ratio = Actual output / design capacity

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