6.

Organizations that are capable of responding quickly to changing requirements can use a
shorter forecast horizon and therefore benefit from more accurate forecasts.
TRUE
If an organization can react quicker, its forecasts need not be so long term.
7. When new products or services are introduced, focus forecasting models are an attractive
option.
FALSE
Because focus forecasting models depend on historical data, they're not so attractive for newly
introduced products or services.
8. The purpose of the forecast should be established first so that the level of detail, amount of
resources, and accuracy level can be understood.
TRUE
All of these considerations are shaped by what the forecast will be used for.
9. Forecasts based on time series (historical) data are referred to as associative forecasts.
FALSE
Forecasts based on time series data are referred to as time-series forecasts.
10. Time series techniques involve identification of explanatory variables that can be used to
predict future demand.
FALSE
Associate forecasts involve identifying explanatory variables.
11. A consumer survey is an easy and sure way to obtain accurate input from future customers
since most people enjoy participating in surveys.