CIPS L4M7 Exam - Topic 10 Question 37 Discussion

Actual exam question for CIPS's L4M7 exam

Question #: 37
Topic #: 10

[All L4M7 Questions]

Which of the following are examples of subjective methods of forecasting? Select TWO that apply.

Trend line analysis

Moving averages

Market research

Expert opinion

Seasonal variations

A1 and 2 only

B3 and 4 only

C2 and 5 only

D1 and 5 only

Show Suggested Answer

Suggested Answer: A, E

RFID tags are the small devices that can be embedded in labels or attached to tags which work with radio transmitters and/or receivers to identify themselves.

RFID tags can be used to do the following:

- Track individual items

- Track boxes of products, cages of products and pallets

- Track containers with multiple loads

- Locate equipment within a building

- Trigger alarms should equipment or stock be removed without authorisation.

RFID devices have a very small integrated circuit incorporating a small memory capability - many are smaller than 2mm square and 2mm thick. Despite its size, many can hold 2000 characters of data.

RFID operating rage depends on the radio frequency used, receiver capability and the environment. Some tags are only readable from under 1m, others can have a 100m range.

RFID tags and labels are very specific to the type of material and size of your assets. For example, metal will deactivate the RFID antenna and the tag will not transmit at all. Using RFID on metal requires a special type of tag with an RFID block to prevent interference with the antenna. Liquid products can also affect the reliability of the RFID signal. To use RFID tags in specific environ-ments, some technologies are needed to support them.

LO 1, AC 1.2

by Elza at Jun 24, 2024, 08:44 PM

Limited Time Offer

25%

Off

Get Premium L4M7 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Keshia

3 months ago

Nah, I think seasonal variations should be included instead.

upvoted 0 times

...

Sarah

3 months ago

Wait, are moving averages not subjective? That’s surprising!

upvoted 0 times

...

Truman

3 months ago

Totally agree with B! Those are the right picks.

upvoted 0 times

...

Myong

4 months ago

I thought trend line analysis was subjective too?

upvoted 0 times

...

Raelene

4 months ago

Market research and expert opinion are definitely subjective.

upvoted 0 times

...

Helaine

4 months ago

I’m a bit confused about seasonal variations. I thought that was more about patterns in data rather than subjective forecasting.

upvoted 0 times

...

Shayne

4 months ago

I practiced a similar question, and I think market research definitely counts as subjective. Expert opinion seems like it could fit too.

upvoted 0 times

...

Diane

4 months ago

I'm not entirely sure, but I feel like trend line analysis and moving averages are more quantitative methods, so they probably aren't the answers.

upvoted 0 times

...

Shawna

5 months ago

I remember that subjective methods are based on opinions rather than data, so I think market research and expert opinion might be the right choices.

upvoted 0 times

...

Refugia

5 months ago

Hmm, I think market research and expert opinion are the subjective methods here. The others seem more quantitative and objective. I'll go with those two.

upvoted 0 times

...

Cheryl

5 months ago

I'm a bit confused on the distinction between subjective and objective methods. I'll need to re-read the material on forecasting techniques before answering this.

upvoted 0 times

...

Linwood

5 months ago

I'm pretty confident about this one. Market research and expert opinion are definitely subjective, while trend line analysis and moving averages are more objective. I'll select those two.

upvoted 0 times

...

Clare

5 months ago

Okay, let's see. Market research and expert opinion seem like subjective methods, but I'm not sure about the others. I'll need to review my notes on this topic.

upvoted 0 times

...

Ronald

5 months ago

Hmm, this looks like a tricky one. I'll need to think carefully about the differences between subjective and objective forecasting methods.

upvoted 0 times

...

Hildegarde

5 months ago

Hmm, I'm not totally sure about this one. I know patient privacy is really important, but I can't remember the exact rules for disposing of records. I'll have to think it through carefully.

upvoted 0 times

...

Jaclyn

5 months ago

I think studying security programs might also be important, but I can't recall the details.

upvoted 0 times

...

Lucia

5 months ago

Oof, cost management in agile - that's a tough one. I'll need to review my notes on the differences between agile and traditional project cost control. Gotta make sure I don't overthink this.

upvoted 0 times

...

Dyan

5 months ago

I think screening is about reviewing patient profiles, but I'm not entirely sure that's what the question is asking.

upvoted 0 times

...

Jolene

9 months ago

Expert opinion is definitely a subjective method, but I'm not sure about the others. Guess I'll have to think this one through a bit more.

upvoted 0 times

...

Felice

9 months ago

Haha, I bet the exam writer is trying to trick us with this one. Gotta stay on our toes, folks!

upvoted 0 times

Katie

8 months ago

Yeah, I agree. Let's not fall for any tricks on this exam.

upvoted 0 times

...

Scarlet

9 months ago

I think it's A too, trend line analysis and moving averages are subjective methods.

upvoted 0 times

...

Quinn

9 months ago

A) 1 and 2 only

upvoted 0 times

...

Maryln

10 months ago

I'm not sure about this one. Isn't moving averages a quantitative method? I'm leaning towards B) 3 and 4 only.

upvoted 0 times

Shala

9 months ago

You're welcome! It's always good to double check when in doubt.

upvoted 0 times

...

Delila

9 months ago

You're correct! B) 3 and 4 only are the subjective methods of forecasting in this case.

upvoted 0 times

...

Lavonna

9 months ago

Market research and expert opinion are both examples of subjective methods, so B) 3 and 4 only is the correct choice.

upvoted 0 times

...

Virgie

10 months ago

Moving averages can actually be considered a subjective method of forecasting because it relies on past data and human judgment.

upvoted 0 times

...

Rolf

10 months ago

Thanks for the clarification. I'll go with B) 3 and 4 only then.

upvoted 0 times

...

Lauran

10 months ago

Market research and expert opinion are also subjective methods, so B) 3 and 4 only is the correct answer.

upvoted 0 times

...

Iraida

10 months ago

Moving averages is actually considered a subjective method of forecasting because it relies on past data and human judgment.

upvoted 0 times

...

Carma

10 months ago

I'm not sure about this question. I think trend line analysis and moving averages could also be considered subjective methods.

upvoted 0 times

...

Viva

10 months ago

I agree with Loreen. Market research and expert opinion involve personal judgment and are not purely data-driven.

upvoted 0 times

...

Loreen

10 months ago

I think the subjective methods of forecasting are market research and expert opinion.

upvoted 0 times

...

Dewitt

11 months ago

D) 1 and 5 only seems like the right answer. Trend line analysis and seasonal variations are definitely subjective methods of forecasting.

upvoted 0 times

Kizzy

9 months ago

Yeah, I agree. Market research and expert opinion are more objective methods.

upvoted 0 times

...

Azalee

10 months ago

I think you're right, trend line analysis and seasonal variations are subjective methods of forecasting.

upvoted 0 times

...