Production and Operation Management - Lec 10- Time Series Forecasting- Exponential Smoothing II (Classification)
Master Production & Operations Management: From Forecasting to Lean Techniques with IIT Roorkee - Elevate Your Expertise in Manufacturing Systems, Quality Control, and Project Management!
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11 learners
What you'll learn
Understand the principles and applications of production and operations management.
Analyze different types of manufacturing and service systems and their characteristics.
Apply forecasting techniques and inventory models to optimize production planning.
Evaluate quality management practices and statistical tools for process improvement.
This lecture explains classification of exponential smoothing models. This classification is based on ratio and additive trend and seasonality in time series data.
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