Forecasting - 2


10 Questions MCQ Test Manufacturing and Industrial Engineering | Forecasting - 2


Description
This mock test of Forecasting - 2 for Mechanical Engineering helps you for every Mechanical Engineering entrance exam. This contains 10 Multiple Choice Questions for Mechanical Engineering Forecasting - 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Forecasting - 2 quiz give you a good mix of easy questions and tough questions. Mechanical Engineering students definitely take this Forecasting - 2 exercise for a better result in the exam. You can find other Forecasting - 2 extra questions, long questions & short questions for Mechanical Engineering on EduRev as well by searching above.
QUESTION: 1

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

Solution:
QUESTION: 2

Which one of the following methods can be used for forecasting the sales potential of a new product?

Solution:
QUESTION: 3

Which one of the following methods can be used for forecasting when a demand pattern is consistently increasing or decreasing?

Solution:
QUESTION: 4

Which one of the following forecasting techniques is most suitable for making long range forecasts?

Solution:
QUESTION: 5

Which one of the following is not a technique of Long Range Forecasting?

Solution:
QUESTION: 6

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

Solution:
QUESTION: 7

Which of the following is the measure of forecast error?

Solution:
QUESTION: 8

Exponential smoothing model is

Solution:

In exponential smoothing model, large weightage is given to the recent data and as the data become older its weightage also decreases.

QUESTION: 9

Regression method of forecasting is applicable mainly for

Solution:
QUESTION: 10

Which of the following is not the characteristic of exponential smoothing method of forecasting?

Solution:

Similar Content

Related tests