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Critical Business Requirement (CBR)

Critical Business Requirement (CBR) is a term used to refer to the requirements or needs of a business that are essential for its success and survival. CBRs are typically high-priority and non-negotiable, and they must be met in order for the business to function...

Continuous Data

Continuous data is a type of data that can take on any value within a certain range or set of ranges. It is opposed to discrete data, which can only take on a specific set of values. Examples include: Temperature in degrees Celsius Height in meters Weight in kilograms...

Correlation

Correlation is a statistical measure that describes the strength and direction of a linear relationship between two variables. It is represented by the letter “r” and can range in value from -1 to 1. A positive correlation means that as one variable...

Covariate

Covariates can be described as characteristics (excluding the actual treatment). You could collect data about characteristics before running an experiment to determine how treatment affects different groups and populations. You could also use this data to adjust for...

Cost of Quality (COQ)

For many years, the concept of COQ is well-known. Joseph Juran, a quality expert, and renowned author wrote about the concept of quality cost in his 1951 book Quality Control Handbook. He defined COQ to include both tangible and intangible costs. Armand Feigenbaum...
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