Details of assignment: Each discussion question response has to be 150 words each. No special format needed but if you cite you will need to reference.

a)

1) Describe the various types of time-series and associative forecasting models. Which types of organizations are each of these most applicable to, and why?

2) Why is forecasting important in organizations, especially as related to understanding the relevant time horizon to develop a forecast against? What are some examples from industry?

b)

1) Describe the similarities and differences between TQM and Six Sigma quality-management techniques.

2) Discuss the aspects of Total Quality Management (TQM) and how they apply in service- and product-based businesses.