ISM Exam CPSM1 Topic 3 Question 81 Discussion

Actual exam question for ISM's CPSM1 exam

Question #: 81
Topic #: 3

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?

ANaive forecast

BSimple moving average

CWeighted moving average

DExponential smoothing forecast

Show Suggested Answer

Suggested Answer: D

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

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Brittni

1 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

5 days ago

Haha, that's a good one!

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Junita

12 days ago

A) Naive forecast

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Carylon

1 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

1 days ago

D) Exponential smoothing forecast

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Tu

12 days ago

C) Weighted moving average

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Erinn

24 days ago

B) Simple moving average

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Blair

25 days 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

6 days ago

Exponential smoothing forecast is also a good method for forecasting future demand.

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Marshall

10 days ago

Weighted moving average gives more weight to recent data, making it a better choice.

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Sharan

19 days ago

Simple moving average takes the mean of recent periods, which is more reliable.

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Rory

23 days ago

I agree, naive forecast is too simplistic for accurate forecasting.

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Golda

2 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

1 months ago

B) Simple moving average

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Audry

1 months ago

A) Naive forecast

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Kris

2 months ago

Hmm, that's interesting. Can you explain why you think that?

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Nettie

2 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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