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Concepts from Statistical Control Theory

June 8, 2010

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 Im sure a picture in this case is worth a thousand words—or ideas!

Below is a general guideline for interpreting a Control Chart:, control charts, statistical process control

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2 Comments leave one →
  1. June 8, 2010 10:53 am

    I wonder what kinds of distributions they are actually monitoring. I grew up 60 miles south of Chernobyl… not sure if they’ve compiled a control chart for the black swan formation:


  1. System Development / Optimization | CL-UAT

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