Concepts from Statistical Control Theory

Outside of the realm of systems and trading, there is a whole discipline devoted to monitoring and maintaining quality control over manufacturing outputs. This pic was borrowed from the original post http://www.shmula.com/241/statistical-process-control-why-you-should-care. Im sure a picture in this case is worth a thousand words—or ideas!

Below is a general guideline for interpreting a Control Chart:

shmula.com, control charts, statistical process control

Read More: http://www.shmula.com/241/statistical-process-control-why-you-should-care#ixzz0qEYuybKU

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