Course code: MEC441

CA-2 (Assignment)

Max Marks: 30 Last date of submission: 5 April, 2020

Note: Each question carries equal marks.

1. What are the various qualitative and quantitative methods of forecasting? Make
the list of all. Explain any one from each category.

2. Compare the simple moving average method of forecasting with weighted moving
average method? Using the data given in below table, forecast the demand for
next period using 3-period simple moving average method.

Week 1 2 3 4 5 6 7 8 9

Demand 420 450 460 420 500 550 480 520 610

3. Explain the exponential smoothing method of demand forecasting? What are the
various types of measurement of forecasting error? Explain with suitable
example.