Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Nov 10, 2024

Which of following is TRUE about forecast responsiveness to demand changes? None of the other statements is true. INCREASE the number of periods ( n

Which of following is TRUE about forecast responsiveness to demand changes?

None of the other statements is true.

INCREASE the number of periods

(n)

used in the moving average method will INCREASE the forecast responsiveness.

INCREASE the highest weight

(w)

in the weighted moving average method will INCREASE the forecast responsiveness.

INCREASE the alpha in the exponential smoothing method will DECREASE the forecast responsiveness.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations management in the supply chain decisions and cases

Authors: Roger G Schroeder, M. Johnny Rungtusanatham, Susan Meyer Goldstein

7th edition

77835433, 978-0077835439

More Books

Students also viewed these General Management questions

Question

★★★★★

What is corporate performance management?

Answered: 1 week ago

Question

★★★★★

(Learning Objective 3: Determining appropriate lease category, journalizing lease transactions) On December 31, 20X0, Rugaboo Corp. entered into the following lease for an asset with 6 years useful...

Answered: 1 week ago

Question

★★★★★

3.1 Among all possible prices, what makes the equilibrium price unique?

Answered: 1 week ago

Question

★★★★★

Forrest Company is developing its annual financial statements at December 31, 2013. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and...

Answered: 1 week ago

Question

★★★★★

The "landscape" of organizations and how organizations are structured is an important concept for any leader to understand. Also, important is the concept of goal achievement and how it may differ...

Answered: 1 week ago

Question

★★★★★

Avalon, Inc.s static budget shows $40,500 budgeted for direct materials, $54,000 budgeted for direct labor, and $13,500 budgeted for overhead. Avalons actual direct materials were $42,000, actual...

Answered: 1 week ago

Question

★★★★★

Exercise 7 - 6 ( Static ) Cost Hierarchy [ LO 7 - 1 ] Flash Express purchases USB flash drives from suppliers and then applies corporate logos to the exterior of those flash drives for its customers....

Answered: 1 week ago

Question

★★★★★

Pablo consults with you as his attorney. Pablo owns a coffee shop that received a rating as "the worst tasting coffee in America." Pablo asks if he can sue for defamation. You advise Pablo he likely...

Answered: 1 week ago

Question

★★★★★

Problem 10-9 (Algo) Comprehensive Variance Analysis [LO10-1, LO10-2, LO10-3] Marvel Parts, Incorporated, manufactures auto accessories. One of the company's products is a set of seat covers that can...

Answered: 1 week ago

Question

★★★★★

Recording Asset Exchanges Miley Corp. exchanges old equipment that cost $10,000 (accumulated depreciation of $4,500) for new equipment. The fair value of the new equipment is $8,000. The fair value...

Answered: 1 week ago

Question

★★★★★

On July 1, 2015, ABC Co. issued 10-year, $4,574 million maturity value, 3% coupon bonds when the market rate was 2% for a cash price of $4,994 million. Interest was payable semi-annually on Dec. 31...

Answered: 1 week ago

Previous Question Next Question