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1. What is continuous
improvement (CI)? What are the major tools for this philosophy?
2. What is the logic of
Taguchi methods?
3. Describe briefly the
steps to develop a forecasting system.
4. Regression and
correlation are both termed “causal” methods of forecasting. Explain how they
are similar in this respect and also how they are different.
5. Define the terms
“Qualitative Methods”, “Trend Analysis Method (Time Series Method), and “Causal
Forecast”. Describe the uses of them.
6. What do you see as
the main problem with qualitative (judgmental) forecasts? Are they ever better
than “objective” methods?
7. Describe total
quality management (TQM).
8. Explain the process
of collaborative planning? How is available to promise involved?
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