Revised questions added

Question 23

Queuing theory calculations describe arrivals for the line according to which probability distribution?

		Poisson
		Exponential
		Parabolic
		Hyperbolic

Question 22

What is it called when a unit switches lines in order to get on a shorter line?

		vying
		prying
		jockeying
		accelerating

Question 20

An airplane with 100 seats can fly no more than 100 passengers at any one time. The limit of a system’s finite capacity is called what?

		production limitation
		production horizon
		production planning
		production frontier

Question 18

Capacity analysis provides a quantitative methodology for establishing what?

		production opportunities
		production constraints
		production successes
		production expenses

Question 17

System capacity is created from what?

		knowledge of past resources that was effective
		knowledge outcomes that increase efficiency
		available resources
		predicted resources

Question 15

What is another name for regression analysis?

		ordinary least squares regression
		extrapolated squares
		exponential regression
		atypical squares regression

Question 14

What does the y-intercept of a regression equation represent?

		the predicted level of X when y equals 1
		the predicted level of y when x equals 1
		the predicted level of X when y equals zero
		the predicted level of y when x equals zero

Question 13

What is the purpose for using confidence intervals in regression forecasting?

		to place ranges around linear point estimates going into the future
		to place ranges around linear point estimates going into the past
		to place ranges around linear point estimates that reside in a cluster
		to place ranges around linear point estimates that have minimal statistical congruence

Question 12

What do regression lines look like?

		curved
		straight
		zigzagged
		inverted

Question 10

Average percent change as a forecasting method relies on what primary assumption?

		cause and effect
		the past predicts the future
		naiveté
		imputation

5 points

Question 10 of 25
Question 9
The quantitative rationale for choosing between forecasting methods is known as what?

		best fit predictor
		least error estimator
		line of best fit
		mean absolute deviation

Question 7

If forecasting using 33 months of historical data, how many months should you forecast if using moving averages, n=2?

Question 6

Which moving average best minimizes the variation in historical data and is the recommended moving average to use for forecasting?

Question 5

What is another name for the analytic branch of forecasting?

		judgmental forecasting
		genius forecasting
		expert forecasting
		statistical forecasting

Most forecasting problems faced by the health services manager can be accomplished using some form of forecasting known as what?

		judgment forecasting
		analytic forecasting
		expert forecasting
		genius forecasting

5 points

Question 4 of 25
Question 3
What should be the goal of analytic forecast methods?

		Get the ‘right’ forecast.
		Choose the forecast that extends furthest into the future.
		Choose the forecast that minimizes systematic error.
		Choose the forecast that minimizes random error.

Question 1

Which assumption would guide decision making when attempting to forecast the impact of a new government regulation?

		the past predicts the future
		cause and effect
		general naiveté
		general indifference

Question 2

A manager who is effective with forecasting will be able to do what?

		reduce forecasting errors
		make accurate forecasts
		predict employee relationships
		eliminate error