Complete the following 10 multiple choice questions

QUESTION 1
The ____________ is more sensitive to large deviations than the mean square error.

4 points

QUESTION 2
The mean absolute deviation is the sum of the absolute value of forecasting errors divided by the number of _________.

4 points

QUESTION 3
Using the latest value in a sequence of data to forecast the next period is:

4 points

QUESTION 4
Given forecast errors of 8, 10, and 9, what is the mean absolute deviation?

4 points

QUESTION 5
Given forecast errors of 3, 6, and 9, what is the mean square error?

4 points

QUESTION 6
Refer to the following data:

Period Demand 1 23 2 23 3 45 4 72What is the last-value forecast for the next period?

4 points

QUESTION 7
Refer to the following data: Period Demand 1 12 2 13 3 14 4 15What is the moving-average forecast for the next period based on the last three periods

4 points

QUESTION 8
Time-series data may exhibit which of the following behaviors?

4 points

QUESTION 9
In business, forecasts are the basis for __________

4 points

QUESTION 10
The averaging method uses _______ data points in the time-series.