Which of these can be used as a forecast of where the process mean will be at the next time period?

Which of these can be used as a forecast of where the process mean will be at the next time period? Correct Answer EWMA chart

The EWMA charts have both monitoring, and forecasting abilities. They can actually predict the position of process mean at the next time period. The statistic, zi is actually a forecast of the value of the process mean at time i+1.

Related Questions

Each of the questions below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read all the three statements and give answer. There are six letters E, I, P, G, N and O is PIGEON the word formed after performing the following operations using these six letters only? I. O is placed fourth to the right of P. G is not placed immediately next to either P or O. II. N is placed immediately next (either left or right) to O. E is placed immediately next (either left or right) to G. III. Both I and E are placed immediately next to G. The word does not begin with N. P is not placed immediately next to E.