1min snip

The Analytics Power Hour cover image

#243: Being Data-Driven: a Statistical Process Control Perspective with Cedric Chin

The Analytics Power Hour

NOTE

Understanding Routine vs. Exceptional Variation

The use of XMR charts helps in generating new hypotheses by highlighting new patterns in data, representing a complex system. While XMR charts are helpful in bootstrapping intuition, it's crucial to understand that they have limitations. One significant aspect to focus on is distinguishing routine variation from exceptional variation, as this insight guides the improvement of overall process patterns. This understanding fosters a celebration of individual data points and facilitates a causal analysis of the business, from traffic inputs to financial outcomes.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode