A process is in control when you can predict how the process will vary (within limits) in the future. If the process is ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Control charts have been widely used for monitoring production processes and identifying assignable causes of variability. Many papers investigate the application of control charts in different ...

The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

2 types of variation and how we distinguish between common and special cause variation, along with how to create a rational subgroup. We also cover the equations and constants for the X-bar and R ...