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Pareto Chart

Pareto chart analysis can be used to make business decisions. However, it has many applications in many different areas from the welfare economy to quality management. It is based on the “80-20 rule.” Pareto analysis is a statistical decision-making...

Two Way ANOVA

ANOVA (Analysis Of Variance) can be used to determine the differences between means from more than one group. A two-way ANOVA can be used to determine how the meaning of qualitative variables changes depending on the levels of two categorical factors. If you need to...

FMEA (Failure Modes and Effects Analysis)

Also known as Potential failure modes and effects analysis, Failure modes, Effects, and Criticality Analysis (FMEA) in Six Sigma. FMEA was established in the 1940s by the U.S. Military. It is a step-by-step approach to identifying any failures in a design or...

CTQ (Control To Quality)

Critical to Quality (CTQ) in Six Sigma, Trees can help to understand what makes quality stand out in your customers’ eyes so you can provide the goods they want and need. Quality is essential, whether you are developing a new product, or service, or refining an...

Process Cycle Efficiency (PCE)

Process Cycle Efficiency is also known as the “Value Added Ratio”, which measures the process’s value-added time. The process will be more efficient if the number is higher. Material spends 95 percent of its time waiting. This is because of time...