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  2. Reliability engineering - Wikipedia

    en.wikipedia.org/wiki/Reliability_engineering

    Reliability engineering is a sub-discipline of systems engineering that emphasizes the ability of equipment to function without failure. Reliability is defined as the probability that a product, system, or service will perform its intended function adequately for a specified period of time, OR will operate in a defined environment without failure. [1]

  3. Reliability prediction for electronic components - Wikipedia

    en.wikipedia.org/wiki/Reliability_prediction_for...

    Assist in deciding which product to purchase from a list of competing products. As a result, it is essential that reliability predictions be based on a common procedure. Can be used to set factory test standards for products requiring a reliability test. Reliability predictions help determine how often the system should fail.

  4. Product forecasting - Wikipedia

    en.wikipedia.org/wiki/Product_forecasting

    Product forecasting is the science of predicting the degree of success a new product will enjoy in the marketplace. To do this, the forecasting model must take into account such things as product awareness , distribution , price , fulfilling unmet needs and competitive alternatives.

  5. Severe weather terminology (United States) - Wikipedia

    en.wikipedia.org/wiki/Severe_weather_terminology...

    (NPW) — Product event code in parenthetical regular text; used for products that have both standard and Specific Area Message Encoding (SAME) event codes; SAME product codes assigned to each term for NOAA Weather Radio (NWR) broadcasts are included in products that do not have a specified code are identified where applicable, as defined by ...

  6. Forecasting - Wikipedia

    en.wikipedia.org/wiki/Forecasting

    Forecasting is the process of making predictions based on past and present data. Later these can be compared with what actually happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis.

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  8. Demand forecasting - Wikipedia

    en.wikipedia.org/wiki/Demand_forecasting

    Calculating demand forecast accuracy is the process of determining the accuracy of forecasts made regarding customer demand for a product. [14] [15] Understanding and predicting customer demand is vital to manufacturers and distributors to avoid stock-outs and to maintain adequate inventory levels. While forecasts are never perfect, they are ...

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