1) Briefly explain: What does a learning curve specifically measure?
2) Discuss some of the uses and limitations of learning curves.
3) What effect on the exponential smoothing model will increasing the smoothing constant have?
4) Briefly describe how a forecast is monitored to detect bias.
5) A company that produces video equipment, including video cameras and televisions, is attempting to forecast what new products and product innovations might be technologically feasible and that customers might demand 10 years into the future. Speculate on what type of qualitative methods it might use to develop this type of forecast.