Sales data of a product is given in the following table: Month January February March April May Number of units sold 10 11 16 19 25 Regarding forecast for the month of June, which one of the following statements is TRUE?

Correct Answer is : Regression will forecast a higher value compared to moving average

Moving average will forecast a higher value compared to regression

Higher the value of order N, the greater will be the forecast value by moving average.

Exponential smoothing will forecast a higher value compared to regression.

Regression will forecast a higher value compared to moving average

GATE Mechanical Engineering (ME) 2015 Shift 2 Solved Paper

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Sales data of a product is given in the following table:

Month	January	February	March	April	May
Number of units sold	10	11	16	19	25

Regarding forecast for the month of June, which one of the following statements is TRUE?

Moving average will forecast a higher value compared to regression
Higher the value of order N, the greater will be the forecast value by moving average.
Exponential smoothing will forecast a higher value compared to regression.
Regression will forecast a higher value compared to moving average

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