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Test: Forecasting - 2 - Mechanical Engineering MCQ


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10 Questions MCQ Test - Test: Forecasting - 2

Test: Forecasting - 2 for Mechanical Engineering 2024 is part of Mechanical Engineering preparation. The Test: Forecasting - 2 questions and answers have been prepared according to the Mechanical Engineering exam syllabus.The Test: Forecasting - 2 MCQs are made for Mechanical Engineering 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Forecasting - 2 below.
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Test: Forecasting - 2 - Question 1

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

Test: Forecasting - 2 - Question 2

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

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Test: Forecasting - 2 - Question 3

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

Test: Forecasting - 2 - Question 4

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

Test: Forecasting - 2 - Question 5

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

Test: Forecasting - 2 - Question 6

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

Test: Forecasting - 2 - Question 7

Which of the following is the measure of forecast error?

Test: Forecasting - 2 - Question 8

Exponential smoothing model is

Detailed Solution for Test: Forecasting - 2 - Question 8

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

Test: Forecasting - 2 - Question 9

Regression method of forecasting is applicable mainly for

Test: Forecasting - 2 - Question 10

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

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