The Term __________ Data Is Used in Quality Control to Describe

question 85

Short Answer

The term __________ data is used in quality control to describe situations such as each item produced conforms to specifications or does not, or a single item (e.g., one automobile) may have one or more defects, and the number of defects is determined.

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Definitions:

Forecast Accuracy

The degree of closeness between predicted values and actual values in forecasting.

Tracking Signal

A metric in inventory management that measures the accuracy of forecast demand against actual demand.

Adaptive Smoothing

A forecasting technique that adjusts the smoothing constant based on the accuracy of previous forecasts.

Dependent Variable

A variable in research or modeling that is affected by other variables, typically representing the outcome or effect in an experiment or study.