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 ...

Many types of control charts have an ability to detect process changes that can weaken over time depending on the past data observed. This is often referred to as the "inertia problem." We propose a ...

Journal of the Royal Statistical Society. Series C (Applied Statistics), Vol. 40, No. 1 (1991), pp. 1-12 (12 pages) A standard combined Shewhart-cumulative score quality control scheme for controlling ...

Trend charts are used to see the changes throughout a process. They come in different forms like the run, control, and time series charts. Trend charts are used to monitor your process change over ...