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

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Keshia

9 months ago

Nah, I think seasonal variations should be included instead.

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Sarah

9 months ago

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

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Truman

10 months ago

Totally agree with B! Those are the right picks.

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Myong

10 months ago

I thought trend line analysis was subjective too?

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Raelene

10 months ago

Market research and expert opinion are definitely subjective.

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Helaine

10 months ago

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

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Shayne

11 months ago

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

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Diane

11 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.

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Shawna

11 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.

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Refugia

11 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.

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Cheryl

11 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.

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Linwood

11 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.

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Clare

11 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.

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Ronald

11 months ago

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

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Hildegarde

11 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.

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Jaclyn

11 months ago

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

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Lucia

11 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.

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Dyan

11 months ago

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

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Jolene

1 year 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.

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Felice

1 year ago

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

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Katie

1 year ago

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

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Scarlet

1 year ago

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

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Quinn

1 year ago

A) 1 and 2 only

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Maryln

1 year ago

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

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Shala

1 year ago

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

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Delila

1 year ago

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

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Lavonna

1 year ago

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

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Virgie

1 year ago

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

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Rolf

1 year ago

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

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Lauran

1 year ago

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

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Iraida

1 year ago

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

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Carma

1 year ago

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

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Viva

1 year ago

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

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Loreen

1 year ago

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

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Dewitt

1 year ago

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

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Kizzy

1 year ago

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

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Azalee

1 year ago

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

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