Predicting Success: A Comprehensive Guide to Trend Analysis Tools
Oct 21, 2024 · Key Points Trend analysis is a method of using data to spot patterns for the sake of forecasting future events. There are many tools to conduct trend analysis. Given the proliferation of …
Process Failure Modes Effects Analysis (PFMEA) - iSixSigma
Nov 7, 2018 · Don’t we all strive to eliminate or reduce the probability of a defect or failure ever getting to our customer? Do you want to be proactive in recognising and evaluating potential process failure …
Analyzing Experiments with Ordered Categorical Data
Feb 26, 2010 · Six Sigma projects often deal with experiments whose outcomes are ordered categorical data, rather than continuous. It is important to know the right analysis methods for these cases, such …
SCOT Analysis: Gain Insights for Your Organization - iSixSigma
Oct 19, 2024 · What is a SCOT analysis? Find out how this analytical technique takes a closer look at your company's strength and current standing.
Analytical Modeling: Turning Complex Data into Simple Solutions
Nov 7, 2024 · Analytical modeling is a mathematical approach to business analysis that uses complex calculations that often involve numerous variables and factors.
What You Need to Know About the Theory of Constraints
Apr 15, 2023 · The theory of constraints (TOC) is an effective methodology in the field of lean business management that focuses on specific limitations facing businesses. Centering strategy around key …
Help for Practitioners Trying to Understand ANOVA Table
Feb 26, 2010 · Using the analysis of variance (ANOVA) procedure for a Six Sigma project requires assessing results from an ANOVA table, which is not always straightforward. There is an easy way …
Understanding the Formula and Benefits of Cycle Time
Jan 28, 2025 · The customer just called again, wondering if the item they ordered will be on time. Will it? Do your company’s processes make it possible to be on time per the customer’s needs? To know …
Exploring Box Plots: The Key to Comparing and Analyzing Data Sets
Sep 6, 2023 · A box plot is constructed of two parts, a box and a set of whiskers. The lowest point is the minimum value of the data set and the highest point is the maximum value of the data set. The box is …
Tips for Interpreting Discrete Data: Understanding Category Variables ...
Oct 23, 2024 · How do you interpret discrete data? Learn some tips and tricks on how to quantify categorical data points when conducting your analysis.