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A Regression Control Chart for Costs
Author(s) -
Mansfield Edwin,
Wein Harold H.
Publication year - 1958
Publication title -
journal of the royal statistical society: series c (applied statistics)
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.205
H-Index - 72
eISSN - 1467-9876
pISSN - 0035-9254
DOI - 10.2307/2985576
Subject(s) - statistics , control chart , regression , econometrics , regression analysis , shewhart individuals control chart , chart , mathematics , computer science , ewma chart , programming language , process (computing)
Although the idea of a regression control chart for costs is not new, published examples of its use are difficult to find. In this article the authors describe the use of a multiple regression equation to establish a cost control chart designed to help the management in the efficient operation of a freight yard.