M-period moving average model to predict product demand

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Reference no: EM132217456

1. Which of the following statements is/are true about using a M-period moving average model to predict product demand?

Its predictions are more accurate than an exponential smoothing for level and trend model.

Its forecast is more volatile than a cumulative model.

Its predictions are more accurate than a naive model.

It is more responsive to changes in the demand than a (M+2)-period moving average model.

Its forecast is calmer than a naive model.

None of the above

2. Discuss the below traits affecting consumer behavior

1. Cultural factors

2. Personal factors

3. Social factors

4. Psychological factors

3. The Sandy Springs Neighborhood Association had strong objections to a commercial office building development proposed to be constructed in their area. This association voiced their objections at a Planning Commission meeting, but the planned development was unanimously approved. Prior to this proposal being considered by the full City Council, the association filed a lawsuit to enjoin the development project. Which statement below best describes why a court should rule against the association?

a. The association lacks standing to sue.

b. The court agrees an office building is needed in the area.

c. The association has failed to exhaust its administrative remedies.

d. The association failed to file its lawsuit prior to the Planning Commission's action.

4. We know that, theoretically, ordering the EOQ drives lower costs. However, what happens when we introduce modifications to the assumptions of the EOQ model? Think about the following situations and select all the statements that are true.

A one-time-buy discount will always increase the order size.

A decrease of the holding cost will increase the order size.

If there is any lead time, the pipeline inventory will be a function of the order size.

When a supplier offers an all-units discount, his buyers’ cycle stock tends to raise because they increase the size of each order.

If planned backorders are allowed, the order size will increase.

None of the above

Reference no: EM132217456

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