Question: Answer all questions. Or I will dislike your answer 1. Are the moving averages method and the exponential smoothing method of forecasting related? How and

Answer all questions. Or I will dislike your answer

Answer all questions. Or I will dislike your

1. Are the moving averages method and the exponential smoothing method of forecasting related? How and why? 2. Does exponential smoothing track a trend in the demand satisfactorily? What is the reason? 3. (a) What is the purpose behind the computations of demand ratios in taking care of seasonalities in demand? (b) Are base series always computed over the calendar year? Give reasons for your answer. 4. What are the criteria on the basis of which you assess the different forecasting methods? Would root mean square error be the criterion? Would 'error", whichever way measured, be the only criterion? 5. What are the limitations of: (a) Trend extrapolation, (b) Use of input-output tables, and (c) Delphi technique? 6. Read through the literature and find out what 'Technology Assessment is? How is it useful to operations management? 7. What are the levels of aggregation in forecasting for a manufacturing organisation? How should this hierarchy of forecasts be linked

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