A. Linear
B. Component method
C. Polynomial
D. Gompertz
Choose the most appropriate answer from the options given below:
Population projection involves estimating future population dynamics using various quantitative techniques. Mathematical methods are fundamental to these projections.
The question asks to identify mathematical methods used in population projection. The appropriate answer identifies the following as key mathematical methods:
While other options like Linear and Gompertz also involve mathematical concepts, the Component Method and Polynomial Fitting are often highlighted as distinct categories or core techniques within mathematical population projection:
Thus, the Component Method and Polynomial Fitting are identified as the mathematical methods relevant to this question's context.
Name the human resource demand (need) forecasting technique, which solicits estimates of personnel needs from a group of experts, usually managers. The HRP experts act as intermediaries, summarise the various responses and report the findings back to the experts. The experts are surveyed again after they receive this feedback. Summaries and surveys are repeated until the experts' opinions begin to agree. The agreement reached is the forecast of the personnel needs.
Select the correct option :
The sensitivity of forecast in simple moving average forecasting method, for the increase of the length of average period,
For a product, the forecast and the actual sales for December 2008 were 25 and 20 respectively. If the exponential smoothing constant (α) is taken as 0.2, the forecast sales for January 2009 would be.
For a product the forecast and actual sales for December 2002 were 25 and 20 respectively. If the exponential smoothing constant is taken as 0.2, then forecast sale for January 2003 would be