Quantitative Analysis for Management, 13/e

Self-Test

• Before taking the self-test, refer to the learning objectives at the beginning of the chapter, the notes in the margins, and the glossary at the end of the chapter.

• Use the key at the back of the book (see Appendix H) to correct your answers.

• Restudy pages that correspond to any questions that you answered incorrectly or material you feel uncertain about.

1. Qualitative forecasting models include

   1. regression analysis.

   2. Delphi.

   3. time-series models.

   4. trend lines.

2. A forecasting model that uses only historical data for the variable being forecast is called a

   1. time-series model.

   2. causal model.

   3. Delphi model.

   4. variable model.

3. One example of a causal model is

   1. exponential smoothing.

   2. trend projections.

   3. moving averages.

   4. regression analysis.