Forecasting

Question 0

The average demand for all periods that averages out seasonality.

Answer 0

DESEASONALIZED DEMAND

Question 1

Demand data that is erratic over time.

Answer 1

DYNAMIC DEMAND

Question 2

General upward or downward movement of a variable over time.

Answer 2

TREND

Question 4

A repetitive pattern of demand from year to year with some periods higher than others.

Answer 4

SEASONALITY

Question 5

An arithmetic average of a certain number of recent observations.

Answer 5

MOVING AVERAGE

Question 6

Based on factors outside of the organization.

Answer 6

EXTRINSIC

Question 7

A fluctuation in data that is caused by uncertain or random occurrences.

Answer 7

RANDOM VARIATION

Question 8

Same as deseasonsalized demand.

Answer 8

AVERAGE DEMAND

Question 9

Based on factors from within the company.

Answer 9

INTRINSIC

Question 10

An index of total business activities at the regional, national, and global levels.

Answer 10

ECONOMIC INDICATOR

Question 11

A consistent deviation from the mean in one direction (high or low).

Answer 11

BIAS

Question 12

Historical data is used to project into the future.

Answer 12

QUANTITATIVE FORECASTING

Question 13

A number used to adjust data to seasonal demand.

Answer 13

SEASONAL INDEX

Question 14

Demand data that retain the same general shape over time.

Answer 14

STABLE DEMAND

Question 15

Intuition or judgment is used to predict into the future.

Answer 15

QUALITATIVE FORECASTING