Documents © 2008 Prentice-Hall, Inc. To accompany Quantitative Analysis for Management, Tenth Edition, by...

Slide 1 © 2008 Prentice-Hall, Inc. To accompany Quantitative Analysis for Management, Tenth Edition, by Render, Stair, and Hanna Power Point slides created by Jeff Heyl…

Documents Chapter 3 The Importance of Forecasting in POM. Assumes causal system past ==> future Forecasts...

Slide 1 Chapter 3 The Importance of Forecasting in POM Slide 2 Assumes causal system past ==> future Forecasts rarely perfect because of randomness Forecasts more accurate…