Forecasting Initials
MAD
What is mean absolute deviation
Rate fence
What is the reason given for why people pay different prices?
The simplest allocation method
What is a demand control chart?
The ROH is 50 and the expected PU is 20.
What is 70?
Year the original Canal was built
What is 1914?
DBA
What does days before arrival mean?
Framing is an example of what theory?
What is prospect theory?
Critical ratio
What is the cost of understocking divided by the sum of the cost of understocking and overstocking?
The expected pickup cannot be negative. True or false?
What is false?
Year Panamax opened
What is 2016?
ROH
What is reservations on hand?
Ways of determining the reference price
What are past price paid, average price, advertisements, etc.?
Marginal analysis can be used to determine the overbooking level. True or false?
What is true?
Unconstrained demand
What is the number you could sell if you had no capacity limits?
Which was first? Suez or Panama?
What is Suez?
MAPE
What is mean absolute percentage error?
People spend more with credit cards than with cash. What's the theory?
What is mental accounting?
Marginal analysis is the most commonly used allocation method in the airline industry? True or false?
What is true?
How do you calculate expected pickup?
What is subtract the average ROH for a certain DBA from the average inventory units actually sold on Day -1?
The first nation that attempted to construct a trans-isthmian passage.
What is France?
PU
What is Pickup?
Who is the person who invented game theory?
Bid price
How much would it be worth to have one more inventory unit?
The MAD can be negative. True of false?
What is false?
This Spanish ruler was the first to suggest the construction of a canal.
Who is King Charles?