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CIPS Exam L4M7 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

Show Suggested Answer Hide 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

Contribute your Thoughts:

Jolene
1 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.
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Felice
1 months 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
2 days ago
Yeah, I agree. Let's not fall for any tricks on this exam.
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Scarlet
7 days ago
I think it's A too, trend line analysis and moving averages are subjective methods.
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Quinn
10 days ago
A) 1 and 2 only
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Maryln
2 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.
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Shala
7 days ago
You're welcome! It's always good to double check when in doubt.
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Delila
13 days ago
You're correct! B) 3 and 4 only are the subjective methods of forecasting in this case.
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Lavonna
1 months 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 months 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 months ago
Thanks for the clarification. I'll go with B) 3 and 4 only then.
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Lauran
1 months 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 months 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
2 months 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
2 months ago
I agree with Loreen. Market research and expert opinion involve personal judgment and are not purely data-driven.
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Loreen
2 months ago
I think the subjective methods of forecasting are market research and expert opinion.
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Dewitt
2 months 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 months ago
Yeah, I agree. Market research and expert opinion are more objective methods.
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Azalee
1 months ago
I think you're right, trend line analysis and seasonal variations are subjective methods of forecasting.
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