Apr 16 2021
Measuring QC Efficacy: A Proposal
[The featured image is of a Vietnamese satellite undergoing final test in Japan]
As Jay Bitsack pointed out in his comments on LinkedIn about my previous post, the portability of a method from epidemiology to manufacturing quality is not a foregone conclusion. Formally, the logic of validating a vaccine seems applicable to the solution of a quality problem. They look similar when you consider only outcomes in terms of infection rates or the proportion of defectives.
There are differences between data sets from a clinical trial and tests run before and after a process change in production that may affect the applicability of a method. We examine the conditions for the approach developed by Carlo Graziani for vaccine efficacy to cross over to quality control. Then we work out the math of Graziani’s method and the means to apply it.
Aug 27 2021
Sales Forecasts – Part 3. Generating Probability Forecasts
My last two long posts were about evaluating sales forecasts. They begged the question of how you generate these forecasts. This is a partial answer, about what you can tell from a history of sales through both classical methods and recent developments, particularly probability forecasting.
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By Michel Baudin • Data science • 0 • Tags: Demand Forecast, Probability Forecast, Sales forecast