Your boss recently returned from a executive development conference and has taken a new interest in forecasting and forecasting errors. He asks you the following questions.
- Should your division be using moving average, weighted average, or exponential smoothing in forecasting calculations? Why?
- What are some sources of forecast errors?
- What is a control chart, and what is the benefit to using them for forecasting errors?
- What are aggregate capacity requirements, and how could they be applied?