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Demand Forecasting Techniques: Moving Average & Exponential Smoothing

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is demand forecasting?

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1. Marissa wants to forecast demand for her business card company. How might she go about analyzing the demand using one qualitative and one quantitative technique?

2.

What is the most current 3-month moving average of the following data set:

January = 800;

February = 900;

March = 800;

April = 1,000

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About This Quiz & Worksheet

In order to check your knowledge of demand forecasting techniques efficiently, use this quiz/worksheet combo. You will be quizzed on what this type of forecasting means and technique styles used.

Quiz & Worksheet Goals

The goals of this quiz and worksheet are to help you check your knowledge of:

  • Technique styles used in this type of forecasting
  • The meaning of demand forecasting
  • Calculating forecast equations
  • The smoothing constant

Skills Practiced

  • Problem solving - use acquired knowledge to solve forecasting practice problems
  • Information recall - access the knowledge you have gained regarding the technique style used in demand forecasting
  • Defining key concepts - ensure that you can accurately define main phrases, such as smoothing constant and demand forecasting

Additional Learning

The lesson called Demand Forecasting Techniques: Moving Average & Exponential Smoothing can help you learn more about this process. Use this lesson to ensure you know the following objectives:

  • Identify examples of qualitative techniques
  • Learn how to use the moving average formula
  • Define exponential smoothing
  • Determine what techniques are used in demand forecasting
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