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 …
Categorical vs. Continuous Data: What’s the Difference?
Jan 26, 2025 · Categorical vs. continuous data are fundamental distinctions you need to make during the analysis process. Our guide covers how to use both.
Preparing to Measure Process Work with a Time Study - iSixSigma
Feb 1, 2025 · How do you measure process work at your organization? You might want to incorporate a time study, as detailed in this in-depth guide.
Understanding Systems Thinking: A Guide to the Key Concepts and ...
Apr 10, 2023 · Systems thinking is a management approach that views a system as a set of linkages and interactions between the components which make up the entire defined system.
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 …
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.
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 …
Normal Distribution: Definition, Characteristics, and Benefits
Jan 30, 2025 · How do you best use Normal Distribution? Take a look at how this statistical tool can benefit your organization in our guide.
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 …