If you have been frustrated by very technical statisticalprocess control (SPC) training materials, then this is thebook for you. This book focuses on how SPC works andwhy managers should consider using it in their operations.It provides you with a conceptual understanding ofSPC so that...

"Accessible to students in statistics and industrial engineering, this text presents a systematic introduction to traditional and modern SPC methods. Requiring some background in basic linear algebra, calculus, and introductory statistics, the book illustrates the methods using detailed worked...

The volatility of asset returns are important in finance. Different likelihood based methods of statistical surveillance for detecting a change in the variance are evaluated. The differences are how the partial likelihood ratios are weighted. The full likelihood ratio, Shiryaev-Roberts, Shewhart...