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 …
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.
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 …
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 …
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 …
Exploring Process Capability Analysis: A Versatile Tool for Quality ...
Oct 15, 2024 · Are you conducting capability analysis tests? Find out how this powerful tool can let you see long-term and short-term forecasts with ease.
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 …
Cause-and-Effect Diagrams: A Visual Tool for Root Cause Analysis
Oct 26, 2024 · What is a cause-and-effect diagram? Learn how this handy tool can help with your process improvement projects.