Which of the following smoothing constants would make an exponential smoothing forecast equivalent to a naive forecast?
a. 0
b. 1 divided by the number of periods
c. 0.5
d. 1.0
Q. 2In order to verify a simulation model
a. compare results from several simulation languages.
b. be sure that the procedures for calculations are logically correct.
c. confirm that the model accurately represents the real system.
d. run the model long enough to overcome initial start-up results.
Q. 3We can summarize nominal data in a table that presents the categories and their counts. This table is called a(n) ____________________ distribution.
Fill in the blank(s) with correct word
Q. 4Given an actual demand of 61, forecast of 58, and of .3, what would the forecast for the next period be using simple exponential smoothing?
a. 57.1
b. 58.9
c. 61.0
d. 65.5
Q. 5Common features of simulations--generating values from probability distributions, maintaining records, recording data and summarizing results--led to the development of
a. Excel and Lotus.
b. BASIC, FORTRAN, PASCAL, and C.
c. GPSS, SIMSCRIPT, SLAM, and Arena
d. LINDO and The Management Scientist
Q. 6A pie chart shows the ____________________ of individuals that fall into each category.
Fill in the blank(s) with correct word