Forecasting · Industrial Engineering · GATE ME

An electric car manufacturer underestimated the January sales of car by 20 units, while the actual sales was 120 units. If the manufacturer uses expon...

Sales data of a product is given in the following table: Regarding forecast for the month of June, which one of the following statements is TRUE?...

The actual sales of a product in different months of a particular year are given below: The forecast of the sales, using the 4-month moving average ...

In exponential smoothening method, which one of the following is true?

In simple exponential smoothing forecasting, to give higher weightage to recent demand information, the smoothing constant must be close to

Which of the following forecasting methods takes a fraction of forecast error into account for the next period forecast?

For a product, the forecast and the actual sales for December $$2002$$ were $$25$$ and $$20$$ respectively. If the exponential smoothing constant $$(\...

A regression model is used to express a variable $$Y$$ as a function of another variable $$X.$$ this implies that

When using a simple moving average to forecast demand, one would

Which one of the following forecasting techniques is not suited for making forecasts for planning production schedules in the short range?

The most commonly used criteria for measuring forecast error is

The demand for a two-wheeler was $$900$$ units and $$1030$$ units in April $$2015$$ and May $$2015,$$ respectively. The forecast for the month of Apri...

For a canteen, the actual demand for disposable cups was $$500$$ units in January and $$600$$ units in February. The forecast for the month of January...

The demand and forecast for February are $$12000$$ and $$10275,$$ respectively. Using single exponential smoothening method (smoothening coefficient $...

A moving average system is used for forecasting weekly demand. $${F_1}\left( t \right)$$ and $${F_2}\left( t \right)$$ are sequences of forecasts with...

The sales of a product during the last four years were $$860, 880, 870$$ and $$890$$ units. The forecast for the fourth year was $$876$$ units. If the...

The sale of cycles in a shop in four consecutive months are given as $$70, 68, 82 95.$$ Exponentially smoothing average method with a smoothing factor...

In a time series forecasting model, the demand for five time periods was $$10, 13,$$ $$15,$$ $$18$$ and $$22.$$ A linear regression fit resulted in an...

In a forecasting model, at the end of period $$13,$$ the forecasted value for period $$14$$ is $$75.$$ Actual value in the periods $$14$$ to $$16$$ ar...

Which of the following is a technique for forecasting?