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A simple run chart showing data collected over time. The median of the observed data (73) is also shown on the chart. A run chart, also known as a run-sequence plot is a graph that displays observed data in a time sequence. Often, the data displayed represent some aspect of the output or performance of a manufacturing or other business process.
A line chart may be used to demonstrate the trend over time. Ranking: Categorical subdivisions are ranked in ascending or descending order, such as a ranking of sales performance (the measure ) by sales persons (the category , with each sales person a categorical subdivision ) during a single period.
A control chart is a more specific kind of run chart. The control chart is one of the seven basic tools of quality control, which also include the histogram, pareto chart, check sheet, cause and effect diagram, flowchart and scatter diagram. Control charts prevent unnecessary process adjustments, provide information about process capability ...
The "chart" actually consists of a pair of charts: one, the individuals chart, displays the individual measured values; the other, the moving range chart, displays the difference from one point to the next.
Trend analysis is the widespread practice of collecting information and attempting to spot a pattern. In some fields of study, the term has more formally defined meanings. In some fields of study, the term has more formally defined meanings.
A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or ...
Sheryl Connelly is the head of Ford's Global Trends and Futuring Division, where she separates trend from fad and helps the auto maker determine what global changes will influence the market in ...
A market trend is a perceived tendency of the financial markets to move in a particular direction over time. [1] Analysts classify these trends as secular for long time-frames, primary for medium time-frames, and secondary for short time-frames. [ 2 ]