Operation Management - Regression and correlation are both termed causal methods of forecasting

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Operation Management

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. What is continuous improvement (CI)? What are the major tools for this philosophy?

Need Answer Sheet of this Question paper, contact

aravind.banakar@gmail.com

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ARAVIND – 09901366442 – 09902787224