Monthly Archives: May 2010

What “Six Sigma” means is that a process should have output that is so exact, precise and consistent that it would have to be over three standard deviations out from what you’d expect before it was ever unacceptable to your … Continue reading →

A process is something ongoing, like an assembly line in a factory, or a kitchen in a restaurant. There is always a bottleneck, which is the slowest point on the line. Stuff collects behind it. There is no getting around … Continue reading →

Data Analysis isn’t really about statistics. It’s about looking at data, reaching a conclusion based on what the data shows, and presenting it to an audience. Most people have a negative opinion about statistics, but statistics are just a tool … Continue reading →

Economics is all about theory. And in theory, money flows about the world in predictable, fair and efficient ways. In theory. In a perfect economic world, companies would compete with each other, eternally striving towards monopoly–one company completely controlling the … Continue reading →