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Andrew Creager

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Improved Forecasting with Moving Averages and Z-scores

Forecasting is an integral part of business management. The better the forecast, the better management will be able to plan for the future. Although there are many methods for making forecasts, some are better suited than others for particular situations. For short-term forecasting, Black Belts can benefit from analyzing production trends and looking for special…

Checking Simple Linear Regression Analysis Using 5S

A quick and easy-to-remember way for Lean Six Sigma practitioners to get the most benefit from simple linear regression analysis is with a simple check-up method. The method borrows and adapts the familiar concept found in the 5S tool. For those not familiar with the 5S tool, it is a Lean method used to organize…