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A company has actual unit demand for three consecutive years of 124, 126, and 135. The respective forecasts for the same three years are 120, 120, and 130. Which of the following is the resulting MAD value that can be computed from these data?

Random errors can be defined as those that cannot be explained by the forecast model being used.

Notate the (one) dimensional spatial scale through graphing or simply writing the symbols.      (Bonus – 1 Pt.) In the LMA framework this scale is also called the ____________ scale.        

Directional movement may be arc-like OR spoke-like. Provide an example of a situation in which a person would utilize: 1. Arc-like movement and, 2. Spoke-like movement.  

Which of the following is considered a “pure” production planning strategy?

The critical path in a CPM analysis is found by locating the activities times with zero slack.

If the best operating level of a piece of equipment is at a rate of 400 units per hour and the actual output during an hour is 300 units, which of the following is the capacity utilization rate?

In conducting aggregate operations planning, there are a number of required inputs. Which of the following inputs are considered external to the firm?

Within ERP, which set of applications is the largest and most complicated?

A company wants to forecast demand using the weighted moving average. If the company uses two prior yearly sales values (i.e., year 2015= 110 and year 2016= 130), and we want to weight year 2015at 10 percent and year 2016at 90 percent, which of the following is the weighted moving average forecast for year 2017?