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A moving average system is used for forecasting we
ekly demand. F1(t) and F2(t) are sequences of forecasts with parameters m1 and m2, respectively, where m1 and m2 (m1 > m2) denote the numbers of weeks over which the moving averages are taken. The actual demand shows a step increase from d1 to d2 at a certain time. Subsequently,
a) Neither F1(t) nor F2(t) will catch up with the value d2
b) Both sequences F1( t) and F2(t) will reach d2 in the same period 
c) F1(t) will attain the value d2 before F2(t)
d) F2(t) will attain the value d2 before F1(t)
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
A moving average system is used for forecasting we... moreekly demand....
Since, m1>m2 the weightage of the latest demand would be more in F2 (t). So, F2 (t) is sensitive data.  Hence F2 (t) will attain the value d2 before F1 (t).
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A moving average system is used for forecasting we... moreekly demand....
And m2 are integers) represent the number of weeks included in each forecast. The moving average system calculates the average demand over the past m1 weeks and compares it to the average demand over the past m2 weeks. If the average demand over the past m1 weeks is greater than the average demand over the past m2 weeks, it is assumed that demand is increasing and the forecast is adjusted accordingly. If the average demand over the past m1 weeks is less than the average demand over the past m2 weeks, it is assumed that demand is decreasing and the forecast is adjusted accordingly. The moving average system helps to determine trends in demand and adjust forecasts accordingly to account for these trends.
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A moving average system is used for forecasting we... moreekly demand. F1(t) and F2(t) are sequences of forecasts with parameters m1 and m2, respectively, where m1 and m2 (m1 > m2) denote the numbers of weeks over which the moving averages are taken. The actual demand shows a step increase from d1 to d2 at a certain time. Subsequently,a) Neither F1(t) nor F2(t) will catch up with the value d2b) Both sequences F1( t) and F2(t) will reach d2 in the same periodc) F1(t) will attain the value d2 before F2(t)d) F2(t) will attain the value d2 before F1(t)Correct answer is option 'D'. Can you explain this answer?
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A moving average system is used for forecasting we... moreekly demand. F1(t) and F2(t) are sequences of forecasts with parameters m1 and m2, respectively, where m1 and m2 (m1 > m2) denote the numbers of weeks over which the moving averages are taken. The actual demand shows a step increase from d1 to d2 at a certain time. Subsequently,a) Neither F1(t) nor F2(t) will catch up with the value d2b) Both sequences F1( t) and F2(t) will reach d2 in the same periodc) F1(t) will attain the value d2 before F2(t)d) F2(t) will attain the value d2 before F1(t)Correct answer is option 'D'. Can you explain this answer? for Mechanical Engineering 2024 is part of Mechanical Engineering preparation. The Question and answers have been prepared according to the Mechanical Engineering exam syllabus. Information about A moving average system is used for forecasting we... moreekly demand. F1(t) and F2(t) are sequences of forecasts with parameters m1 and m2, respectively, where m1 and m2 (m1 > m2) denote the numbers of weeks over which the moving averages are taken. The actual demand shows a step increase from d1 to d2 at a certain time. Subsequently,a) Neither F1(t) nor F2(t) will catch up with the value d2b) Both sequences F1( t) and F2(t) will reach d2 in the same periodc) F1(t) will attain the value d2 before F2(t)d) F2(t) will attain the value d2 before F1(t)Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Mechanical Engineering 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A moving average system is used for forecasting we... moreekly demand. F1(t) and F2(t) are sequences of forecasts with parameters m1 and m2, respectively, where m1 and m2 (m1 > m2) denote the numbers of weeks over which the moving averages are taken. The actual demand shows a step increase from d1 to d2 at a certain time. Subsequently,a) Neither F1(t) nor F2(t) will catch up with the value d2b) Both sequences F1( t) and F2(t) will reach d2 in the same periodc) F1(t) will attain the value d2 before F2(t)d) F2(t) will attain the value d2 before F1(t)Correct answer is option 'D'. Can you explain this answer?.
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