OPS 571 Week 6 DQ 5 -
SPC can also be really helpful with forecasting various figures for an organization. The forecasting function is very important to the long term health of an organization. Statistical evaluation of seasonal growth and recession factors can help an organization plan for their future needs. The evaluation of sales numbers in March can help predict what will be happening in the later months by looking at historical data and comparing it to the current figures. Environmental factors can be negotiated much more safely depending on the accuracy of the data collected from metrics.