[Hindi] Forecasting in Operations Management l GATE 2021 l Operations Management l Mechanical

Описание: [Hindi] Forecasting in Operations Management l GATE 2021 l Operations Management l Mechanical
In this video we learn about forecasting in operations management for GATE 2021 Exam
Forecasting in Operations Management
1) Simple Moving Average Method
2) Weighted Moving Average Method
3) Exponential Smoothing
----------------------------------------------------------------------------------------------------------------
To get more updates about GATE 2021 Mechanical engineering video lectures please subscribe us on following link

Subscribe us on YouTube
   / @gatelecturesbydishank  

Visit our Website for more GATE Material, Guidance and Videos
http://www.gatexplore.com/

Follow us on G+
https://plus.google.com/u/0/b/1170883...

Follow us on Facebook
  / gatexplore  

Follow us on Twitter
  / gatechannel  
----------------------------------------------------------------------------------------------------------------
Forecasting in Operations Management

1) Simple Moving Average Method
A Simple Moving Average is a method of computing the average of a specified number of the most recent data values in a series.

2) Weighted Moving Average Method
A Weighted Moving Average is used to forecast the future demand. As per this method, the more recent data has more weight compared to old data.

3) Exponential Smoothing
Another form of Weighted Moving Average is the Exponential Smoothing average, This method keeps the running average of demand and adjusts it for each period in proportional to the difference between latest actual demand and latest value of forecast.
-----------------------------------------------------------------------------------------------------------
Forecasting in Management l Forecasting in Operations Management l Forecasting in Hindi l Forecasting nptel l

~-~~-~~~-~~-~
Please watch: "GATE 2021: Will PSU Recruit through GATE 2021? | Will 3rd Year Students Eligible for PSU Recruitment"
   • GATE 2021: Will PSU Recruit through GATE 2...  
~-~~-~~~-~~-~