QRB 501 Week 2 DQs and Summary Ver 2

This pack of QRB 501 Week 2 Discussion Questions and Summary Version 2 consists of:

DQ 1: What is forecasting? What information is forecasted at your organization? Which forecasting methods are used at your organization? What information at your organization is not currently being forecasted that could be forecasted to increase productivity or decrease waste?

DQ 2: Access conference-board.org/economics/ConsumerConfidence.cfm. This is an index based on how people feel about the economy. All indexes are created in a similar fashion. A base is first selected. In this case, the base was 1985 and set at 100. Thus, if the index was at 57.2 in May 2008, and in October 1992 the index was at 54.6, are people feeling better or worse in 2008 than they did in 1992? If the index was at 62.8 in April 2008, what does that mean for May 2008?

Summary