Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

As the volume and variety of available data continue to proliferate, organizations increasingly turn to analytics in order to enhance business decision-making and ultimately, performance. However, the ...

This paper establishes a criterion that measures approximately the average net income of a process under surveillance of an X̄ chart when the process is subject to random shifts in the process mean.

Control chart- a time-ordered plot of sample statistics, used to distinguish between random and nonrandom variability Control limits- the dividing lines between random and nonrandom deviations from ...

The courses offered in this catalog are a curated collection of learning materials that provide an overview of Industry 4.0. It is designed to provide resources that businesses can use to understand ...

Quality control is a methodology employed in manufacturing to prevent defects in manufactured products. Abbreviated as QC, the method has been implemented in a number of ways each of which has its own ...

Japanese manufacturers adopted quality-control theories developed by American experts to rebuild the Japanese industrial base after the Second World War. Japanese experts such as Dr. Kaoru Ishikawa ...

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 ...