BUSN 278 Week 1 Quiz

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BUSN 278 Week 1 Quiz

 1.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

 

 2.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
WeekSales (000’s of gallons)
117
221
319
423
518
616
720
818
922
1020
1115
1222
Student Answer: 18.50
 19.00
 19.50
 20.00

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 3.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
WeekSales (in thousands)
12
24
35
43
56
67
75
88
94
102
113
125
Student Answer: 1.86
 2.94
 3.89
 5.39

 

 4.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
WeekSales (in thousands)
12
24
35
43
56
67
75
88
94
102
113
125
Student Answer: 2.90
 3.55
 4.10
 5.65

 

 5.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
WeekSales (000’s of gallons)
16
28
310
49
511
612
710
88
97
109
Student Answer: 6.40
 7.97
 8.64
 9.17

 

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