GATE ME 2026 Set 1 — Question 60
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Industrial Engineering → Production Planning & Control → Forecasting Models
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Question
The actual demand for castings in a factory is units and units for the months of January 2026 and February 2026, respectively. The forecasted demand for January 2026 is units and smoothing constant is . Using the exponential smoothing method, the forecast of the demand for castings in March 2026 is________ units (in integer).
Correct answer
572 to 572
Solution
Using the exponential smoothing formula: Step 1: Calculate forecast for February 2026 ()
Step 2: Calculate forecast for March 2026 ()
The forecast for March 2026 is units.
Step 2: Calculate forecast for March 2026 ()
The forecast for March 2026 is units.
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