GATE ME 2015 Set 2 | Forecasting Question 3 | Industrial Engineering

GATE ME 2015 Set 2

MCQ (Single Correct Answer)

-0.3

Sales data of a product is given in the following table: GATE ME 2015 Set 2 Industrial Engineering - Forecasting Question 11 English

Regarding forecast for the month of June, which one of the following statements is TRUE?

Moving average will forecast a higher value compared to regression.

Higher the value of order $$N,$$ the greater will be the forecast value by moving average.

Exponential smoothing will forecast a higher value compared to regression.

Regression will forecast a higher value compared to moving average.

GATE ME 2014 Set 1

MCQ (Single Correct Answer)

-0.3

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

$$0 \le \alpha \le 1$$ and high value of $$\alpha $$ is used for stable demand

$$\alpha \ge 1$$ and high value of $$\alpha $$ is used for stable demand

$$\alpha \le 0$$ and high value of $$\alpha $$ is used for unstable demand

GATE ME 2014 Set 3

Numerical

-0

The actual sales of a product in different months of a particular year are given below: GATE ME 2014 Set 3 Industrial Engineering - Forecasting Question 12 English

GATE ME 2014 Set 3 Industrial Engineering - Forecasting Question 12 English

The forecast of the sales, using the 4-month moving average method, for the month of February is ____________.

Your input ____

GATE ME 2013

MCQ (Single Correct Answer)

-0.3

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

$$-1$$

zero

$$0.5$$

$$1.0$$

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GATE ME Subjects

Engineering Mechanics

Engineering Mechanics Static and Dynamics

Machine Design

Bolted Riveted and Welded Joints Design For Static Loading Design of Brakes and Clutches Design of Spur Gears Design of Bearings Fatigue Strength

Strength of Materials

Springs Pure Bending Stresses In Beams Simple Stress and Strain Complex Stresses Moment of Inertia Deflection of Beams Shear Force and Bending Moment Torsion Thin Cylinders Columns and Struts Strain Energy Method

Heat Transfer

Conduction Fin Design and Transient Heat Conduction Convection Radiation Heat Exchangers

Production Engineering

Sheet Metal Forming Processes Metal Cutting Welding Process Metal Forming Casting Advance Machine Tools Machining Metrology and Inspection

Industrial Engineering

Queuing Production Planning and Control Line Balancing Forecasting Pert and Cpm Inventory Control Transportation Scheduling Linear Programming Assignment

Turbo Machinery

Theory of Machines

Vibrations Gears and Gear Trains Flywheel Analysis of Plane Mechanisms

Engineering Mathematics

Linear Algebra Calculus Vector Calculus Probability and Statistics Differential Equations Complex Variable Transform Theory Numerical Methods

Fluid Mechanics

Fluid Properties Fluid Statics Boundary Layer Turbulent Flow Laminar Flow Fluid Dynamics Fluid Kinematics

Thermodynamics

Properties of Pure Substances Basic Concepts and Zeroth Law First Law of Thermodynamics Calculation of Work and Heat Entropy and Irreversibility Rankine Cycle Availability Second Law of Thermodynamics

General Aptitude

Numerical Ability Logical Reasoning Verbal Ability