In each of the following, name the term defined or answer the question. Answers are listed at the bottom.1. This is a type of forecast used to make long-term decisions, such as where to locate a warehouse or how many employees to have in a plant next year.2. This is the type of demand that is most appropriate for using forecasting models.3. This is a term used for actually influencing the sale of a product or service.4. These are the six major components of demand. 5. This type of analysis is most appropriate when the past is a good predictor of the future.6. This is identifying and separating time series data into components of demand.7. If the demand in the current week was 102 units and we had forecast it to be 125, what would be next week’s forecast using an exponential smoothing model with an alpha of 0.3?
In each of the following, name the term defined or answer the question. Answers are listed at the bottom.
1. This is a type of forecast used to make long-term decisions, such as where to locate a warehouse or how many employees to have in a plant next year.
2. This is the type of demand that is most appropriate for using
3. This is a term used for actually influencing the sale of a product or service.
4. These are the six major components of demand.
5. This type of analysis is most appropriate when the past is a good predictor of the future.
6. This is identifying and separating time series data into components of demand.
7. If the demand in the current week was 102 units and we had forecast it to be 125, what would be next week’s forecast using an exponential smoothing model with an alpha of 0.3?
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