1
GATE ME 2001
MCQ (Single Correct Answer)
+1
-0.3
When using a simple moving average to forecast demand, one would
A
give equal weight to all demand data
B
assign more weight to the recent demand data
C
include new demand data in the average without discarding the earlier data
D
include new demand data in the average after discarding some of the earlier demand data
2
GATE ME 1998
MCQ (Single Correct Answer)
+1
-0.3
Which one of the following forecasting techniques is not suited for making forecasts for planning production schedules in the short range?
A
Moving average
B
Exponential moving average
C
Regression analysis
D
Delphi
3
GATE ME 1997
MCQ (Single Correct Answer)
+1
-0.3
The most commonly used criteria for measuring forecast error is
A
Mean absolute deviation
B
Mean absolute percentage error
C
Mean standard error
D
Mean square error
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