Podcast
Questions and Answers
What is base demand?
What is base demand?
- The long-term average demand for a product or service (correct)
- The demand influenced by promotions or internal drivers
- The demand influenced by random variation
- The short-term average demand for a product or service
Which of the following is an example of a trend?
Which of the following is an example of a trend?
- Linear and exponential shifts in demand (correct)
- Seasonal wave patterns
- Random variation in demand
- Short-term fluctuations in demand
What are cycles in the context of demand patterns?
What are cycles in the context of demand patterns?
- Periodic upward, neutral, or downward shifts in demand lasting longer than one year (correct)
- Demand influenced by random variation
- Demand influenced by promotions or internal drivers
- Short-term fluctuations in demand
What is seasonality in the context of demand patterns?
What is seasonality in the context of demand patterns?
What is random variation in the context of demand patterns?
What is random variation in the context of demand patterns?
What can increase or decrease base demand?
What can increase or decrease base demand?
What is a trend considered to be?
What is a trend considered to be?
What are cycles characterized by?
What are cycles characterized by?
What does seasonality refer to?
What does seasonality refer to?
What characterizes random variation?
What characterizes random variation?
Which type of demand pattern can be predicted based on history and repeats on a calendar basis such as month, week, day of the week, etc.?
Which type of demand pattern can be predicted based on history and repeats on a calendar basis such as month, week, day of the week, etc.?
What is the term used for a fluctuation in data caused by uncertain or random occurrences, which is the unpredictable part of a data series?
What is the term used for a fluctuation in data caused by uncertain or random occurrences, which is the unpredictable part of a data series?
What are demand patterns that repeat but follow a wavelike pattern that can span multiple years and may change at any time called?
What are demand patterns that repeat but follow a wavelike pattern that can span multiple years and may change at any time called?
Which type of demand drivers can give early indication of a trend change?
Which type of demand drivers can give early indication of a trend change?
What are demand drivers that validate a given trend called?
What are demand drivers that validate a given trend called?
Which factor of demand variation cannot be explained by other factors and is the unpredictable part of a data series?
Which factor of demand variation cannot be explained by other factors and is the unpredictable part of a data series?
