Forecasting is an integral part of business management. The better the forecast, the better management will be able to plan for the future. Although there are many methods for making forecasts, some are better suited than others for particular situations. For short-term forecasting, Black Belts can benefit from analyzing production trends and looking for special…
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A twist on the standard 5S to state, select, straight, sweep and stay will help you get the most benefit from a linear regression analysis.