Forecasting technique discussed in your reading

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1. Which of the following was NOT listed as a type of transformation?

Storage

Re-purposing

Alteration

Transportation

2. Processes that use numbers, statistics and mathematical models to plan, monitor and adjust production.

KPIs

Qualitative Methods

Financial Modeling

Quantitative Methods

3. Which of the following is NOT a forecasting technique discussed in your reading?

Weighted Averages

Weighted Moving Averages

PERT

Exponential Smoothing

4. Which of the following statements about simulations is NOT accurate?

They can only consider what they have been programmed to take into account

They allow managers to perform risk free "what if" exercises

They tend to be simple and inexpensive

They tend to be fairly specific

Reference no: EM132257163

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