1. Typically, organizations evolve through a number of stages as they gain experience with analytics and become more sophisticated in applying it toward the goal of developing a world class supply chain. Which of the following is not one of those stages?

Depend on suppliers for their data

Summarize and report data to decision makers

Develop the capability to analyze real-time data

Seek to predict what will happen in the future

All of the above are stages

2. Which of the following is not a component of time series data.

Seasonal variation

Irregular events

Random variation

Trend

Cyclical variation

3. Which of the following is not a causal quantitative forecasting method?

Multiple regression

Exponential smoothing

Econometric

Box-Jenkins

All of them are causal quantitative forecasting methods