What is the purpose of forecasting? Why are forecasts not always correct? What are the limitations of forecasting?
Why is the trend commonly thought to be the most important component of forecasting? How is the linear trend method related to linear regression? Why are simple moving averages and weighted averages commonly used forms of forecasting?
What’s the most important concept you’ve learned from this course that you can take away and use in either your work or personal life?
Is forecasting important in your organization. What are the limitations of forecasting ?
What are the differences between Six-Sigma and cause-and effect (Ishikawa) diagram. Support your answer with an example.