Question: What factors would you consider in deciding whether to use
What factors would you consider in deciding whether to use wide or narrow control limits for forecasts?
Answer to relevant QuestionsContrast the use of MAD and MSE in evaluating forecasts. What is reverse engineering? Do you feel this is unethical?Why is capacity planning for services more challenging than it is for goods production? Could performance rating be avoided by studying a group of workers and averaging their times? Explain briefly.In repetitive operations it is often possible to automatically check for quality and then reject parts that are unacceptable. In those situations, does that control charts are not needed? Explain
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