Statistical methods used in forecasting


Question 1: Summarize statistical methods used in forecasting and the types of time series to which they are most appropriate.

Question 2: Summarize some of the practical issues in using forecasting tools and approaches.

Question 3: Describe the steps involved in applying statistical process control.

Question 4: List the principal rules for examining a control chart to determine if the process is in control.

Question 5: What is process capability? How is it measured?

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Basic Statistics: Statistical methods used in forecasting
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