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GATE Past Year Questions: Forecasting | Industrial Engineering - Mechanical Engineering PDF Download

Question for GATE Past Year Questions: Forecasting
Try yourself:The table presents the demand of a product .By simple three-months moving aver age method, the demand-forecast of the product for the month of September is 

[2019]

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Question for GATE Past Year Questions: Forecasting
Try yourself:The time series forecasting method that gives equal weightage to each of the most recent observation is

[2018]

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Question for GATE Past Year Questions: Forecasting
Try yourself:The demand for a two-wheeler was 900 units and 1030 units in April 2015 and May 2015, respectively.
The forecast for the month of April 2015 was 850 units. Considering a smoothing constant of 0.6, the forecast for the month of June 2015 is

[2016]

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Question for GATE Past Year Questions: Forecasting
Try yourself:Sales data of a product is given in the following table:
GATE Past Year Questions: Forecasting | Industrial Engineering - Mechanical Engineering
Regarding forecast for the month of June, which one of the following statements is TRUE?

[2015]

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Question for GATE Past Year Questions: Forecasting
Try yourself:In exponential smoothening method, which one of the following is true?

[2014]

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Question for GATE Past Year Questions: Forecasting
Try yourself:In simple exponential smoothing forecasting, to give higher weightage to recent demand information, the smoothing constant must be close to

[2013]

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Question for GATE Past Year Questions: Forecasting
Try yourself:The demand and forecast for February are 12000 and 10275, respectively. Using single exponential smoothening method (smoothening coefficient = 0.25), forecast for the month of March is

[2010]

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Question for GATE Past Year Questions: Forecasting
Try yourself:Which of the following forecasting methods takes a fraction of forecast error into account for the next period forecast?

[2009]

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Question for GATE Past Year Questions: Forecasting
Try yourself:A moving average system is used for forecasting weekly 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 

[2008]

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Question for GATE Past Year Questions: Forecasting
Try yourself:In an MRP system, component demand is

[2006]

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Question for GATE Past Year Questions: Forecasting
Try yourself:The sales of a product during the last four years were 860, 880,870 and 890 units. The forecast for the fourth year was 876 units. If the forecast for the fifth year, using simple exponential smoothing, is equal to the forecast using a three period moving average the value of the exponential smoothing constant GATE Past Year Questions: Forecasting | Industrial Engineering - Mechanical Engineeringis

[2005]

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Question for GATE Past Year Questions: Forecasting
Try yourself:For a product, the forecast and the actual sales for December 2002 were 25 and 20 respectively.
If the exponential smoothing constant (a) is taken as 0.2, the forecast sales for January 2003 would be

[2004]

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Question for GATE Past Year Questions: Forecasting
Try yourself:The sale of cycles in a shop in four consecutive months are given as 70, 68, 82, 95.
Exponentially smoothing average method with a smoothing factor of 0.4 is used in forecasting.
The expected number of sales in the next month is

[2003]

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Question for GATE Past Year Questions: Forecasting
Try yourself:A regression model is used to express a variable V as a function of another variable X, this implies that

[2002]

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Question for GATE Past Year Questions: Forecasting
Try yourself:When using a simple moving average to forecast demand, one would

[2001]

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Question for GATE Past Year Questions: Forecasting
Try yourself:In a time series forecasting model, the demand for five time periods was 10,13,15,18 and 22. A linear regression fit resulted in an equation F =  6.9 + 2.9 where F is the forecast for period f.
The sum of absolute deviations for the five data is

[2000]

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Question for GATE Past Year Questions: Forecasting
Try yourself:The most commonly used criteria for measuring forecast error is

[1997]

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Question for GATE Past Year Questions: Forecasting
Try yourself: In a forecasting model, at the end of period 13, the forecasted value for period 14 is 75. Actual value in the periods 14 to 16 are constant at 100.
If the assumed simple exponential smoothing parameter is 0.5, then the MSE at the end of period 16 is

[1997]

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Question for GATE Past Year Questions: Forecasting
Try yourself:Which of the following is a technique for forecasting?

[1989]

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Question for GATE Past Year Questions: Forecasting
Try yourself:Which one of the following forecasting techniques is not suited for making forecasts for planning Production schedules in the short range? 

[1988]                                                            

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FAQs on GATE Past Year Questions: Forecasting - Industrial Engineering - Mechanical Engineering

1. What is mechanical engineering?
Ans. Mechanical engineering is a branch of engineering that deals with the design, construction, and maintenance of mechanical systems. It involves the application of principles of physics and materials science to achieve the desired functionality and reliability of machines and devices.
2. What are the career prospects for mechanical engineers?
Ans. Mechanical engineers have a wide range of career opportunities in various industries such as automotive, aerospace, energy, manufacturing, and consulting. They can work in design, research and development, production, project management, and maintenance roles. Mechanical engineers are in high demand due to their skills in problem-solving, analysis, and innovation.
3. How important is forecasting in mechanical engineering?
Ans. Forecasting plays a crucial role in mechanical engineering as it helps in predicting future trends, demands, and requirements. By analyzing data and trends, mechanical engineers can make informed decisions regarding design, production, and maintenance. Accurate forecasting can optimize resource allocation, minimize costs, and ensure the efficient operation of mechanical systems.
4. What are the key techniques used in mechanical engineering forecasting?
Ans. Mechanical engineering forecasting techniques include time series analysis, regression analysis, simulation modeling, and trend analysis. Time series analysis involves analyzing past data to identify patterns and trends. Regression analysis helps in predicting future values based on the relationship between variables. Simulation modeling simulates the behavior of mechanical systems under different conditions. Trend analysis examines historical data to forecast future changes.
5. How can mechanical engineers improve their forecasting skills?
Ans. Mechanical engineers can improve their forecasting skills by staying updated with the latest industry trends, technological advancements, and market conditions. They can also enhance their knowledge of statistical analysis and data interpretation techniques. Collaborating with experts in the field and participating in forecasting workshops or training programs can further develop their forecasting abilities. Regular practice and continuous learning are key to improving forecasting skills in mechanical engineering.
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Nov 15, 2024 Last updated
Document Description: GATE Past Year Questions: Forecasting for Mechanical Engineering 2024 is part of Industrial Engineering preparation. The notes and questions for GATE Past Year Questions: Forecasting have been prepared according to the Mechanical Engineering exam syllabus. Information about GATE Past Year Questions: Forecasting covers topics like and GATE Past Year Questions: Forecasting Example, for Mechanical Engineering 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for GATE Past Year Questions: Forecasting.
Introduction of GATE Past Year Questions: Forecasting in English is available as part of our Industrial Engineering for Mechanical Engineering & GATE Past Year Questions: Forecasting in Hindi for Industrial Engineering course. Download more important topics related with notes, lectures and mock test series for Mechanical Engineering Exam by signing up for free. Mechanical Engineering: GATE Past Year Questions: Forecasting | Industrial Engineering - Mechanical Engineering
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