Abstract
Forecast-based schemes are often used to monitor autocorrelated processes, but the resulting forecast recovery has a significant effect on the performance of control charts. This article describes forecast recovery for autocorrelated processes, and the resulting simulation study is used to explain the performance of control charts applied to forecast errors.
| Original language | English |
|---|---|
| Pages (from-to) | 343-353 |
| Number of pages | 11 |
| Journal | Journal of Modern Applied Statistical Methods |
| Volume | 1 |
| Issue number | 2 |
| DOIs | |
| State | Published - 2002 |
Scopus Subject Areas
- Statistics and Probability
- Statistics, Probability and Uncertainty
Keywords
- Autocorrelation
- Box-Jenkins
- Forecast Recovery
- Quality
- Simulation
- Statistical Process Control
- Statistics
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