JSM 2003 Online Program

Abstract #300628

This is the preliminary program for the 2003 Joint Statistical Meetings in San Francisco, California. Currently included in this program is the "technical" program, schedule of invited, topic contributed, regular contributed and poster sessions; Continuing Education courses (August 2-5, 2003); and Committee and Business Meetings. This on-line program will be updated frequently to reflect the most current revisions.

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Activity Number:	403
Type:	Topic Contributed
Date/Time:	Wednesday, August 6, 2003 : 2:00 PM to 3:50 PM
Sponsor:	Section on Statistical Consulting
Abstract - #300628
Title:	Forecasting/Modeling Business Trends Using Control Chart Technology
Author(s):	Daniel W. Thorpe*+
Companies:	W.L. Gore & Associates
Address:	735 Letitia Dr., Hockessin, DE, 19707-9227,
Keywords:	control charts ; forecasting ; behavior charts
Abstract:	Control charts (or "behavior charts") have been used in characterizing the behavior of manufacturing processes for many years with great success. The same philosophy can be well-adapted to parts of the forecasting process with current modeling practices, using the data that has already been collected. This talk will focus on the philosophy of setting these tools in place, with insights into their construction and implementation. Also, examples will be given, on how these charts can improve short-term and long-term forecasting, as well as being essential to strategic decision-making and strategic action.

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