Control charts that are properly constructed and maintained prevent false out-of-control signals and provide a useful method for monitoring a process. Process control is and has been an important ...

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 ...

Control charts have been widely used for monitoring production processes and identifying assignable causes of variability. Many papers investigate the application of control charts in different ...