Question

1.       Which of the following statements is (are) not correct in the context of the Delphi forecasting methodology? The Delphi Method involves:

a.       Consulting directly with groups of qualified individuals and then compiling their opinions into a forecast.

b.      Detailed online surveys of experts and the compiling of their individual answers to create a median result.

c.       Forecasting future company performance as a function of past operating and financial data.

d.      Research or planning groups within an organization when members of staff must both master the technique and use the study results.

unanswered

2.   Single regression analysis is an example of which type of forecasting technique?

a.       Sophisticated

b.      Naïve

c.       Causal

d.      Time Series

For the following three questions, please use the table provided just above the quiz.

3.       What is the 3 month moving average forecast for January of the following year in respect of this monthly Rooms sales performance?

a.       4,000

b.      4,050

c.       4,100

d.      4,150

4.       If the actual performance of the hotel for the month of January of the following year achieved Rooms sales of 4,050, what would have been the more accurate forecasting technique; a 3 month or 12 month moving average?

a.       12 month

b.      3 month

unanswered

5.       If the smoothing constant is 0.1 and assuming that the forecast for December performance was 4,080, what is the forecast for January using the exponential smoothing method?

a.       4,212

b.      4,092

c.       4,100

Montih Rooms Sold lanary A.0GO FekanusryAcn March April May June July August 3.8C0 4.200 4.100 A.0GO 3.9C0 A.0GO September 3.8u0 4.100 November 40C0 December 4.200 47.700 October