Statements concerning moving average forecasts is true

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Reference no: EM132214366

1. Which of the following statements concerning moving average forecasts is true?

longer-period moving averages react more slowly to recent demand changes than shorter-period moving averages

longer-period moving averages react faster to recent demand changes than shorter-period moving averages

shorter-period moving averages are less susceptible to simple random variations

moving averages react quickly to seasonal patterns

2. The type of forecasting method used depends entirely on how far into the future the company is forecasting demand.

True

False

3. ERP systems are large-scale, integrated COTS packages to support chain of business functions. True or False

4. One of the challenges organization face during ERP implementation is to whether to reengineer the organization’s business processes to fit the software or apply bolton/customize the software to fit the organization’s business practices. True or False

5. Selecting the best ERP includes, working through a checklist of activities, selecting an ERP vendor and finally ERP system. True or False

6. Sales forecasting uses information on past and future sales history, competitor information, customer demand and demographic trends. True or False

7. Integrating various modules of ERP may not effective in improving productivity and profitability. True or False

Reference no: EM132214366

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