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BUSN 278 Week 1 Quiz

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BUSN 278 Week 1 Quiz

Question :

(TCO 1) The budgeting method that seeks input from all levels in a company is known as:

	Student Answer:		continuous budgeting
			top-down budgeting
			participative budgeting
			strategic planning

Question :

(TCO 2) Using the table “Gasoline Sales Time Series”, calculate the forecast for gasoline sales (in thousands) for Week 13 using a three day moving average.

Gasoline Sales Time Series
Week	Sales (000’s of gallons)
1	17
2	21
3	19
4	23
5	18
6	16
7	20
8	18
9	22
10	20
11	15
12	22

	Student Answer:		18.50
			19.00
			19.50
			20.00

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Question :

(TCO 2) Using the table “Computer Sales Time Series”, calculate the mean absolute deviation for a six day moving average.

Computer Sales Time Series
Week	Sales (in thousands)
1	2
2	4
3	5
4	3
5	6
6	7
7	5
8	8
9	4
10	2
11	3
12	5

	Student Answer:		1.86
			2.94
			3.89
			5.39

Question :

(TCO 2) Using the table “Computer Sales Time Series”, calculate the forecast for computer sales (in thousands) for Week 13 using a three day weighted moving average. Use a weight of .40 for the most recent observation, .35 for the second most recent, and .25 for the third most recent.

Computer Sales Time Series
Week	Sales (in thousands)
1	2
2	4
3	5
4	3
5	6
6	7
7	5
8	8
9	4
10	2
11	3
12	5

	Student Answer:		2.90
			3.55
			4.10
			5.65

Question :

(TCO 2) Using the table “Paint Sales Time Series”, calculate the forecast for paint sales (in thousands) for Week 11 using exponential smoothing and a smoothing constant of .20.

Paint Sales Time Series
Week	Sales (000’s of gallons)
1	6
2	8
3	10
4	9
5	11
6	12
7	10
8	8
9	7
10	9

	Student Answer:		6.40
			7.97
			8.64
			9.17

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BUSN 278 Week 1 Quiz

BUSN 278 Week 1 Quiz

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