Common pitfall of using regression to forecast

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Reference no: EM132121548

1. There are how many pure aggregate planning strategies?

One

Two

Three

More than three

It depends on the organization

2. Which of the following is not a method for assessing the accuracy of forecasting models?

Error

Bias

MAD

MAPE

3. Which of the following is not a common pitfall of using regression to forecast?

Making predictions outside the range of data used to develop the model

Overly generalizing a regression model

Assuming a cause-and-effect relationship based on the model

Using a model with a negative slope coefficient

All of the above are common pitfalls

4. The best supplier candidates for Supplier Relationship Management (SRM) include all of the following EXCEPT?

a) Preferred Suppliers

b) Suppliers that provide lesser quantities of a crucial products/services

c) Developmental suppliers that need to make improvements

d) Suppliers that provide high volumes of products or services

Reference no: EM132121548

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