1. In an assembly operation at a furniture factory, six employees assembled an average of 450 standard dining chairs per five-day week. What is the labor productivity of this operation?
20 chairs/worker/day
75 chairs/worker/day
60 chairs/worker/day
15 chairs/worker/day
90 chairs/worker/day
2. Which of the following is NOT a time-series model?
A. naive approach B. linear regression C. moving averages D. exponential smoothing
3. Which of the following is the FINAL step in a forecasting system?
A. Gather the data needed to make the forecast. B. Make the forecast. C. Validate and implement the results. D. Select the forecast model(s).