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ISM Exam CPSM1 Topic 3 Question 81 Discussion

Actual exam question for ISM's CPSM1 exam
Question #: 81
Topic #: 3
[All CPSM1 Questions]

The mean of at least two recent periods of demand data is the basis for the nextperiod's demand forecast is the description of which quantitative forecast method?

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Suggested Answer: D

by Ammie at Feb 08, 2024, 10:52 PM

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Brittni
2 months ago
I bet the exam writer was chuckling when they came up with 'naive forecast' as an option. Gotta love a good forecasting dad joke.
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Amie
19 days ago
Haha, that's a good one!
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Junita
26 days ago
A) Naive forecast
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Carylon
2 months ago
Weighted moving average? Sounds like someone's trying to show off their forecasting knowledge. But it's overkill for this exam.
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Elizabeth
15 days ago
D) Exponential smoothing forecast
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Tu
26 days ago
C) Weighted moving average
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Erinn
1 months ago
B) Simple moving average
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Blair
1 months ago
A) Naive forecast
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Jackie
2 months ago
Naive forecast? Really? That's just taking the last period's demand as the forecast. Way too simplistic for this kind of question.
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Curtis
20 days ago
Exponential smoothing forecast is also a good method for forecasting future demand.
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Marshall
24 days ago
Weighted moving average gives more weight to recent data, making it a better choice.
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Sharan
1 months ago
Simple moving average takes the mean of recent periods, which is more reliable.
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Rory
1 months ago
I agree, naive forecast is too simplistic for accurate forecasting.
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Golda
3 months ago
Exponential smoothing is a bit more sophisticated, but it's not the right fit for this scenario. The question is looking for a basic quantitative method.
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Edna
2 months ago
B) Simple moving average
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Audry
2 months ago
A) Naive forecast
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Kris
3 months ago
Hmm, that's interesting. Can you explain why you think that?
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Nettie
3 months ago
The simple moving average is the correct answer here. It's a straightforward technique that uses the mean of recent demand data to forecast the next period.
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Belen
1 months ago
D) Exponential smoothing forecast
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Reita
2 months ago
C) Weighted moving average
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Lorrine
2 months ago
B) Simple moving average
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Octavio
2 months ago
A) Naive forecast
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Tasia
3 months ago
I disagree, I believe the answer is D) Exponential smoothing forecast.
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Kris
3 months ago
I think the answer is B) Simple moving average.
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