Consider the following data and the corresponding statements:Case 1:Case 2:I. case 1 has higher stability of salesII. case 2 has higher stability of salesIII. case 1 has higher weightage to recent salesIV. case 2 has higher weightage to recent salesWhich of the following statements is/are correct?a)Only (I) and (III)b)Only (II) and (IV)c)Only (I) and (IV)d)Only (II) and (III)Correct answer is option 'C'. Can you explain this answer?

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Consider the following data and the corresponding statements:

Case 1:

Case 2:

I. case 1 has higher stability of sales

II. case 2 has higher stability of sales

III. case 1 has higher weightage to recent sales

IV. case 2 has higher weightage to recent sales

Which of the following statements is/are correct?

a)
Only (I) and (III)
b)
Only (II) and (IV)
c)
Only (I) and (IV)
d)
Only (II) and (III)

Correct answer is option 'C'. Can you explain this answer?

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Practice Test: Mechanical Engineering (ME)- 11

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Consider the following data and the corresponding statements:Case 1:C...

Using exponential smoothing method

F_t+1 = F_t+ α(A_t−F_t)

Forecast for February month, F₂ = F₁ + α(A₁−F₁)

Case 1:

503 = 496 + α(510−496)

α = 0.5

Case 2:

502 = 495 + α(505−495)

α = 0.7

The higher the values of smoothing constant (α), higher

will be the weightage to recent data and lower will be the stability. As the value of α in case (I) is lower than that of case (II), so stability in case (I) will be more and higher weightage to recent sales will be in case (II).

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Consider the following data and the corresponding statements:Case 1:Case 2:I. case 1 has higher stability of salesII. case 2 has higher stability of salesIII. case 1 has higher weightage to recent salesIV. case 2 has higher weightage to recent salesWhich of the following statements is/are correct?a)Only (I) and (III)b)Only (II) and (IV)c)Only (I) and (IV)d)Only (II) and (III)Correct answer is option 'C'. Can you explain this answer?

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