Correlation Analysis Techniques
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Need to explore possible correlations?
- What product characteristics are correlated to each other?
- What do the scatter diagrams look like for each paired set of product characteristics?
- How do the product characteristics look when plotted over time on the same chart?
- What impact has each of our product had on sales for the year?
- Do the changes we make on the two machines have the same impact
Watch a Video Highlighting the Correlation Analysis Techniques in SPC for Excel
Correlation Analysis Techniques and SPC for Excel
SPC for Excel contains six techniques for exploring correlations:
- Correlation coefficients
- Failure Mode and Effects Analysis
- Plotting multiple Y variables against One X variable
- Scatter plot matrix
- Waterfall charts
- BACI charts