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NEW QUESTION: 1
Because of the large number of factors that could affect the demand for its new product, interactions among these factors, and the probabilities associated with different values of these factors, the marketing department would like to develop a computerized model for projecting demand for this product. By using a random-number procedure to generate values for the different factors, it will be able to estimate the distribution of demand for this new product. This method of estimating the distribution of demand for the new product is called:
A. Linear programming.
B. Correlation analysis.
C. Differential analysis.
D. Monte Carlo simulation.
Answer: D
Explanation:
Simulations that use a random-number procedure to generate values for the inputs are Monte Carlo simulations.
NEW QUESTION: 2
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CTSC Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the CTSC Exam.
CTSC Exam Topics
Review the CTSC especially if you are on a recertification. Make sure you are still on the same page with what APICS wants from you.
CTSC Offcial Page
Review the official page for the CTSC Offcial if you haven’t done it already.
Check what resources you have available for studying.
Schedule the CTSC Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.