Tag: quality
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SPC: Graphical Interpretation of Control Chart (Mean and Range)
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“It is the mark of a truly intelligent person to be moved by statistics.” — George Bernard Shaw Introduction Graphs are widely used tools in trading and investing to quickly see the past performance of the stock, the highs, the lows, trends, moving averages, trading volume, and much more. These graphs are the ‘footprint of…
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4M (Man, Machine, Material, Method) Changes
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“Slowness to change usually means fear of the new.” – Philip Crosby Introduction Change (permanent or temporary) is inevitable and is part & parcel of our lives. It may be the government’s economic policies, global warming, pandemics like COVID, emission norms transition from Euro IV to VI or LGBT rights. The list is endless. The…
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What is the key difference between Prototype, Prelaunch and Production Control Plan?
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The difference between music and noise is in what musician does with the sound: Jean-Michel Jarre Introduction In India, when a child is born, there is a tradition for thousands of years, to prepare a horoscope (Janampatri). It not only tells information (Karmas) about their past but also about the prediction in this birth too.…