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True/False Quiz
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1

Accurate forecasting can be done with inaccurate historical data. If the forecasting model is a good one, it will improve the input used.
A)True
B)False
2

Aggregated (grouped) data frequently generate better forecasts than non-aggregated data used to forecast individual items.
A)True
B)False
3

If quantitative data is available on which to base a forecast, it is unnecessary to consider qualitative information.
A)True
B)False
4

The Delphi technique is a forecasting model, developed in India, which incorporates the use of multiple regression.
A)True
B)False
5

In a good forecast, about half of the forecast misses should be randomly scattered above the actual results and half below the actual results.
A)True
B)False
6

Double exponential smoothing can only be used if there is no observable trend in the data.
A)True
B)False
7

Seasonality refers to data patterns that recur every year (or every week, or every month, etc.) at about the same time.
A)True
B)False





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