Industrial Engineering - Forecasting
GATE Mechanical Engineering · 5 questions across 5 years (2018-2026) · 13% recurrence rate
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2018–2026Difficulty mix
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All 5 questions on Industrial Engineering - Forecasting
The actual demand for castings in a factory is 500 units and 635 units for the months of January 2026 and February 2026, respectively. The forecasted demand for January 2026 is 250 units and smoothing constant is 0.7. Us...
Considering the actual demand and the forecast for a product given in the table below, the mean forecast error and the mean absolute deviation, respectively, are
The demand and forecast of an item for five months are given in the table. Month | Demand | Forecast ---|---|--- April | 225 | 200 May | 220 | 240 June | 285 | 300 July | 290 | 270 August | 250 | 230 The Mean Absolute Pe...
The table presents the demand of a product. By simple three-months moving average method, the demand-forecast of the product for the month of September is
The time series forecasting method that gives equal weightage to each of the m most recent observations is