CHAPTER 8
Forecasting
Before studying this chapter you should know or, if necessary, review
The role of forecasting in operations management decisions, Chapter 1, p. 8.
LEARNING OBJECTIVES
After studying this chapter you should be able to
Identify principles of forecasting.
Explain the steps involved in the forecasting process.
Identify types of forecasting methods and their characteristics.
Describe time series models and causal models.
Generate forecasts for data with different patterns, such as level, trend, and seasonality and cycles.
Describe causal modeling using linear regression.
Compute forecast accuracy.
Explain the factors that should be considered when selecting a forecasting ...
Get Operations Management: An Integrated Approach, 5th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
