Examlex
Simple moving averages and weighted moving averages are examples of judgmental forecasting.
Control Charts
A statistical tool used in quality control processes to monitor, control, and improve process performance by detecting process variations.
Common Causes
Variations in a process that are random and inherent as a natural part of the process.
Special Causes
Unusual sources of variation in a process that are not part of the process as it was designed and generally need to be identified and eliminated.
Statistical Process Control
A method of quality control which employs statistical methods to monitor and control a process, helping ensure that the process operates at its fullest potential.
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