To borrow a theme from Kevin Meyer, here’s some “fun with statistics,” or at least this kind of thing is fun to me, being a big proponent of Statistical Process Control (SPC) and the methods taught by Deming and Wheeler…
Manufacturing Engineering December 2006 I was sent the link to this article by Professor Thomas Johnson, noted author of books including Profit Beyond Measure. After reading the article, I’m a bit confused (although he makes some excellent points). Dr. Johnson…
A somewhat recent experience prompted me to re-read portions of Donald Wheeler’s outstanding book, Understanding Variation: The Key to Managing Chaos, with its section on the three ways people can improve a metric or a target (he gives credit to…
NPR : What the U.S. Jobless Numbers Really Mean I heard this NPR story via one of their podcasts, the “Daily Shuffle.” The economist makes a great point — when the government releases numbers that say “unemployment fell from 4.8%…
Bloomberg.com Interesting that imports from China slowed last month, at least if you’re comparing just two data points. Analysts think there is good news to be found here that the economy is not slowing down (which I hope to be…