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Question
If the intercept value of a linear regression model is 40, the slope value is 40 and the value of X is 40, which of the following is the resulting forecast value using this model?
A. 120
B. 1,600
C. 1,640
D. 2,200
E. 64,000
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Which of the following aggregate operations planning methods tests alternative plans through trial and error, results in a non-optimal solution and is simple to develop and use?
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B. Linear programming
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E. Transportation method
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An advantage of the Level strategy for aggregate operations planning is which of the following?
A. Total costs through the entire system are minimized
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Using the cut-and-try method for aggregate operations planning we can determine the production requirement in units of product. If the beginning inventory is 100 units, the demand forecast is 1,200 and the necessary safety stock is 20% of the demand forecast, which of the following is the production requirement?
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A mathematical technique that is only used in aggregate planning for service operations is the transportation method of linear programming.
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A company wants to generate a forecast for unit demand for year 2009 using exponential smoothing. The actual demand in year 2008 was 120. The forecast demand in year 2008 was 110. Using this data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2009 forecast value?
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For every forecasting problem there is one best forecasting technique.
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Exponential smoothing is always the most accurate of all forecasting models.
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Experience and trial and error are the simplest ways to choose weights for the weighted moving average forecasting model.
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Box-Jenkins forecasting models deliver very precise forecasts and are most useful to people with unsophisticated analytical backgrounds.
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