Oracle Exam 1Z0-520 Topic 8 Question 71 Discussion

Actual exam question for Oracle's 1Z0-520 exam

Question #: 71
Topic #: 8

Which three statements regarding inventory forecasting are true? (Choose three.)

AFocus forecasting can only be generated from historical data.

BFocus forecasting is typically used to produce single period forecasts.

CStatistical forecasting can be generated from either historical data or master schedule entries.

DStatistical forecasting enables you to apply exponentially weighted trend and seasonality factors to predict demand.

EStatistical forecasting enables you to simulate various methods of calculating demand so that you can select the best forecasting model.

Show Suggested Answer

Suggested Answer: A, B, D

by Virgilio at Jul 10, 2024, 04:12 PM

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Belen

4 months ago

Ha, I bet the focus forecasting folks are trying to 'focus' on a single period, while the statistical folks are running wild with all their 'statistical' methods!

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Leah

4 months ago

Hmm, I'm not sure about B. Isn't focus forecasting used for longer-term projections too? Anyway, E is definitely true - the simulation capabilities are really powerful.

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Idella

3 months ago

E) Statistical forecasting enables you to simulate various methods of calculating demand so that you can select the best forecasting model.

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Merilyn

4 months ago

C) Statistical forecasting can be generated from either historical data or master schedule entries.

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Sue

4 months ago

A) Focus forecasting can only be generated from historical data.

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Anna

4 months ago

I agree with Selma. Plus, D is also true - statistical forecasting lets you use advanced techniques like exponential smoothing.

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Quiana

3 months ago

Great points! So, C, D, and E are the three true statements regarding inventory forecasting.

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Johnna

3 months ago

Yes, that's correct. I think E is also true - statistical forecasting enables you to simulate various methods of calculating demand so that you can select the best forecasting model.

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Rodrigo

4 months ago

I agree with that. I also believe D is true - statistical forecasting enables you to apply exponentially weighted trend and seasonality factors to predict demand.

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Salome

4 months ago

I think C is true - statistical forecasting can be generated from either historical data or master schedule entries.

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Fletcher

4 months ago

I think statement E is true as well. Statistical forecasting lets you simulate different demand calculation methods to choose the best model.

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Jeannetta

5 months ago

I agree with you, Elina. I also believe statement D is true because statistical forecasting allows you to apply trend and seasonality factors.

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Elina

5 months ago

I think statement C is true because statistical forecasting can be generated from historical data or master schedule entries.

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Selma

5 months ago

I think A and C are true. Focus forecasting can use other inputs besides just historical data, and statistical forecasting can definitely use master schedule entries.

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Jennie

4 months ago

E) Statistical forecasting enables you to simulate various methods of calculating demand so that you can select the best forecasting model.

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Elli

4 months ago

C) Statistical forecasting can be generated from either historical data or master schedule entries.

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Anastacia

4 months ago

A) Focus forecasting can only be generated from historical data.

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