Which One of the Following Statements Is TRUE

question 88

Multiple Choice

Which one of the following statements is TRUE?

• A) Bias is always less than MAD.
• B) For projections of more stable demand patterns without trends, seasonal influences, or cyclical influences, use larger values of n in the simple moving average approach.
• C) Getting a single forecast of 500 units for the month of July is better than getting a forecast that there is a 95 percent chance that demand for July will be between 450 and 550 units.
• D) The ideal of zero bias and zero MAD can be accomplished by systematically searching for the best values of the smoothing constants.

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Definitions:

Travelers

Individuals who move between different geographic locations, for purposes ranging from leisure and tourism to business.

Takt Time

is the rate at which a finished product needs to be completed in order to meet customer demand, essentially setting the pace for production lines.

Diagnostic Assemblies

Systems or units assembled with the purpose of diagnosing or troubleshooting problems in larger machines or equipment.

Productive Work

Activities that directly contribute to producing goods or providing services that are valued by customers or the organization.