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The Operations Management Complete Toolbox (Collection) by Arthur V. Hill, Randal Wilson

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D

dampened trend – The process of reducing the trend (slope) in a forecast over time.

Gardner (2005) and others suggest that the trend in a forecasting model should be “dampened” (reduced) for multiple period-ahead forecasts because trends tend to die out over time. Almost no trends continue forever.

See exponential smoothing, linear regression.

dashboard – A performance measurement and reporting tool that provides a quick summary for the business unit or project status.

Ideally, a dashboard has a limited number of metrics (key performance indicators) to make it easy to comprehend and manage. The term “dashboard” is a metaphor for an automobile’s instrument panel, with a speedometer, tachometer, fuel gauge, and oil warning light. Many firms ...

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