Mgsc 395 exam 3 Study guides, Class notes & Summaries

a prediction of future events used for planning purposes : forecast the repeated observations of demand for a service or product in their order of occurrence : time series nearly flat over time : time series pattern: horizontal consistently rising or falling : time series pattern: trend 2 | P a g e varies in a repeatable pattern over seasons : time se

MGSC 395 Exam 3 -Solved 100%

MGSC 395 EXAM 3 QUESTIONS AND ANSWERS UPDATED

MGSC 395 EXAM 3 QUESTIONS AND ANSWERS UPDATED

MGSC 395 Exam 3, Questions and Answers

MGSC 395 EXAM 3 QUESTIONS AND ANSWERS

For what organizational decisions are demand forecasts used? - CORRECT ANSWER--long term(general forecast) -intermediate term(product family/service lines) -short term(detailed) What are the costs/risks of forecasts that are too high or too low? - CORRECT ANSWER-Too high: -surplus of inventory -price markdown(blackfri.) -too many employees Too low: Not enough.. -product for demand -people working(bad customer service) What are characteristics of all forecasts? - CORRECT ANSWER--ALL w...

MGSC 395 EXAM 3/38 Questions with Complete Solutions 2024

MGSC 395 Exam 3, Questions and Answers

MGSC 395 Exam 3 with correct Answers