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Forcasting Exam Unit 8

1. The simplest and easiest forecasting method is the moving average method. 2. Using an exponential smoothing factor of 0.25, previous forecast of 84 units, and actual demand of 79 units, the forecast for the next period is 81.75 units. 3. The document provides sample data and questions related to forecasting techniques including exponential smoothing, moving averages, and regression analysis.

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27 views

Forcasting Exam Unit 8

1. The simplest and easiest forecasting method is the moving average method. 2. Using an exponential smoothing factor of 0.25, previous forecast of 84 units, and actual demand of 79 units, the forecast for the next period is 81.75 units. 3. The document provides sample data and questions related to forecasting techniques including exponential smoothing, moving averages, and regression analysis.

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อาร์โป อยู่เจริญวัน
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© © All Rights Reserved
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Exam Unit 8 Statistic

Forecasting Question 1:

Which one of the following is the simple and easiest method of forecasting?

1. exponential smoothing

2. moving average method

3. regression

4. extrapolation

Forecasting Question 2:

The actual demand for a product in a company is 79 units. The previous forecast and

exponential smoothening factor are 84 units and 0.25, respectively. What will be the

forecast (of the product units) for the next period?

1. 81.75

2. 80.25

3. 82.75

4. 81.25

Forecasting Question 3:

The sales of water purifiers in a shop in 4 consecutive months are as given below. The magnitude of

difference in the forecast for the next month using the exponential smoothening method with a

smoothening constant of 0.3 and weighted moving average method with the weights as 0.1, 0.2, 0.3

and 0.4 will be ______water purifiers (in Integer)


Forecasting Question 4:

For product demand and forecasting values for various periods are given in the table below :

The ratio of running sum forecast error to mean absolute deviation will be______(correct up to two

decimal places).

Forecasting Question 5:

Which one of the following is not a casual forecasting method?

1. Trend adjusted exponential smoothing

2. Econometric models

3. Linear regression

4. Multiple regression

Forecasting Question 6:

In exponential smoothening method, which one of the following is true?

1. 0 ≤ α ≤ 1 and high value of α is used for stable demand

2. 0 ≤ α ≤ 1 and high value of α is used for unstable demand

3. α ≥ 1 and high value of α is used for stable demand

4. α ≤ 0 and high value of α is used for unstable demand


Forecasting Question 7:

In a time series forecasting model, the demands for five time periods were 10, 13, 15, 18

and 22. A linear regression fit resulted in an equation F = 6.9 + 2.9t where F is the

forecast for period t. The sum of the absolute deviations for the five data is
1. 2.3 2. 0.2

3. -1.2 4. 2.2

Forecasting Question 8:

The number of averaging period in the simple moving average method of forecasting is

increased for greater smoothing but at the cost of ___________

1. Accuracy

2. Stability

3. Visibility

4. Responsiveness to changes

Forecasting Question 9:

Which of the following forecasting methods takes a fraction of forecast error into account for the next
period forecast?

1. simple average method

2. moving average method

3. weighted moving average method

4. exponential smoothening method


Forecasting Question 10:

Which of the following is a technique used for forecasting?

1. PERT/CPM

2. Exponential smoothing

3. Gantt Chart

4. Control Chart

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