Continuous Improvement Is Always Looking for New Ways to Improve

question 121

True/False

Continuous improvement is always looking for new ways to improve on current performance.

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Definitions:

Positive Forecast Value

The expected positive outcome or prediction in forecasting, indicating beneficial future conditions or results.

Forecast Chart

A Forecast Chart is a graphical representation used to visualize predictions about future data points, often based on historical data and analysis techniques.

Probability

The quantification of how likely an event is to happen, measured on a scale from 0 to 1.

Market Size

An estimate of the total demand for a product or service within a particular market.