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Multi-Vari Analysis

A Multi-Vari analysis is a graphical tool, which, through logical subgrouping, analyzes the effects of categorical X’s on continuous Y’s. The graphical results of Multi-Vari Analysis can be quantified using Nested Analysis of Variance. Multivariate...

Multiple Linear Regression

In statistical modeling, multiple linear regression analysis is a set of statistical processes for estimating the relationships between a dependent variable (often called the ‘outcome variable’) and one or...

Muda

Muda (無駄, on’yomi reading) is a Japanese word meaning “futility; uselessness; wastefulness”, and is a key concept in lean process thinking, like the Toyota Production System (TPS) as one of the three types...

Mode – What is it in Statistics and How to Calculate it?

Mode in statistics represents the value that appears most frequently in a data set. This fundamental measure of central tendency helps identify the most common occurrence within numerical collections. In statistics, the mode is the value that appears most often in a...

Mistake-Proofing

Mistake-proofing, or its Japanese equivalent poka-yoke (pronounced PO-ka yo-KAY)(also known as Fool-proofing, error-proofing, and fail-safing), is the use of any automatic device or method that either makes it impossible for an error to occur or makes the error...
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