Question
Which of the following option(s) are right? A) Increasing the cost of forecasting always increases the likelihood of getting a better forecast accuracy. B) In
Which of the following option(s) are right?
A) Increasing the cost of forecasting always increases the likelihood of getting a better forecast accuracy.
B) In exponential smoothing, when increasing the value of alpha, the older values are weighted more in determining the forecast.
C) If Carl disaggregates the sales of notebooks in terms of hours in a day and applies forecasting models, this would improve the forecast accuracy.
D) If Carl aggregates sales of notebooks in terms of weeks and applies forecasting models, this would improve the forecast accuracy.
E) Carl surveyed a group of customers to know their interest in one of the new products his mom was planning to launch soon. This is a judgemental approach to forecasting.
F) It is always good to over-forecast rather than under-forecast for any kind of product.
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