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Data Trend Analysis

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  • #48439

    Data
    Participant

    I have four years of data showing job shorts off a manufacturing line. My goal is to determine if there is significant difference between years or if the trends are similiar. I graphed the four years of data in Excel and they overlap fairly well, is there a test which tells me how well the four years fit?

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    #163269

    Donotknow6sigma
    Participant

    Perform Anova test then do Tukey Test in case you reject the Null.

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    #163271

    annon
    Participant

    You have a variety of options, using run charts or control charts to assess trends, scatter plots for correlation, box plots for comparison analysis, paretos for significance, histograms for characterizations, etc. 
    The Anova that was earlier suggested might be an option if the underlying assumptions are met, but I would be a bit cautious with that approach.
    You are dealing with happenstance data that is over four years old and gathered using an unknown method and untested measurement system (I assume).  I might use the data to get some general ideas for future, more specific efforts, but I dont think I would jump into any direct reports with that data. 
    Good luck.

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    #163276

    science
    Member

    I agree with annon and will only add that regression is another option if all the correlation, scatter plot assumptions are met. also depends on the data type you have – if your comparing time series data you could do this by comparing different years variables.

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    #164085

    AlexanderSO
    Participant

    Hi, if your main focus is to determine if the various set of data fits one to each other you can use a two step method.
    The first step is to check the difference between the series usig min square error, for each data calculate as follows (reference value-evaluated value)^2 then at the end add all the values and divide them by the number of data evaluated and this number represents the difference between the series.
    The second step is visual, you can plot the series one over each other and check if the behavior is the same.

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