1.1: Overview and Guiding Questions
Forecasting
This section introduces students to forecasting concepts important to the Operations Manager's role.
Consider the following questions as you review the learning materials:
- What is the significance of accurate forecasting?
- How does qualitative forecasting differ from quantitative forecasting?
- What is time series forecasting?
- How are simple moving average forecasts calculated?
- How are weighted moving average forecasts calculated?