1. Typically, organizations evolve through a number of stages as they gain experience with analytics and become more sophisticated in applying it toward the goal of developing a world class supply chain. Which of the following is not one of those stages?
Depend on suppliers for their data
Summarize and report data to decision makers
Develop the capability to analyze real-time data
Seek to predict what will happen in the future
All of the above are stages
2. Which of the following is not a component of time series data.
Seasonal variation
Irregular events
Random variation
Trend
Cyclical variation
3. Which of the following is not a causal quantitative forecasting method?
Multiple regression
Exponential smoothing
Econometric
Box-Jenkins
All of them are causal quantitative forecasting methods