Statistical Thinking: Improving Business Performance - Hardcover

Hoerl, Roger; Snee, Ron

Hardcover

ISBN 10: 1118094778 ISBN 13: 9781118094778

Publisher: John Wiley & Sons Inc, 2012

Synopsis

How statistical thinking and methodology can help you make crucial business decisions

Straightforward and insightful, Statistical Thinking: Improving Business Performance, Second Edition, prepares you for business leadership by developing your capacity to apply statistical thinking to improve business processes. Unique and compelling, this book shows you how to derive actionable conclusions from data analysis, solve real problems, and improve real processes. Here, you'll discover how to implement statistical thinking and methodology in your work to improve business performance.

• Explores why statistical thinking is necessary and helpful
• Provides case studies that illustrate how to integrate several statistical tools into the decision-making process
• Facilitates and encourages an experiential learning environment to enable you to apply material to actual problems

With an in-depth discussion of JMP® software, the new edition of this important book focuses on skills to improve business processes, including collecting data appropriate for a specified purpose, recognizing limitations in existing data, and understanding the limitations of statistical analyses.

About this title

From the Inside Flap:

Statistical Thinking
Improving Business Performance

Now in a second edition, Roger Hoerl and Ron Snee's Statistical Thinking: Improving Business Performance prepares you for business leadership by developing your capacity to apply statistical thinking to improve business processes. The authors clearly illustrate how to implement statistical thinking and methodology in your work to enhance business performance.

Introducing statistical engineering, a discipline that helps you utilize multiple statistical tools in a logical way to drive greater impact, the new edition of Statistical Thinking: Improving Business Performance now:

• Emphasizes JMP software as the main tool to develop graphics and perform statistical analyses
• Explores basic graphical tools, knowledge-based tools, as well as process stability and capability
• Discusses the tools in a more logical sequence—the sequence in which they are typically applied in practice
• Adds tools, such as failure mode and effects analysis (FMEA) and the cause and effect (C&E) matrix, as well as further guidance on how the tools are naturally linked and sequenced
• Looks at the Define, Measure, Analyze, Improve, Control (DMAIC) framework made popular through the Lean Six Sigma initiative

This Second Edition offers an abundance of new exercises—available on the new edition's companion website—and real case studies for an increasingly relevant presentation of statistics in the business setting. Whether you are a business performance manager, cost accountant, or a student of statistics, Statistical Thinking, Second Edition shows you how to solve real problems, boost real processes, and successfully derive actionable conclusions from data analysis.

From the Back Cover:

Statistical Thinking
Improving Business Performance

"Probably the most practical basic statistics textbook that has ever been written within a business context."
—Technometrics

Develop your capacity to apply statistical thinking to enhance business processes with the straightforward and insightful guidance found in Statistical Thinking: Improving Business Performance, Second Edition.

Offering a solid and well-organized foundation, authors and business statistics specialists Roger Hoerl and Ron Snee show you how to successfully derive actionable conclusions from data analysis, solve real problems, and streamline real processes.

Filled with realistic, step-by-step case study examples, the new edition explores:

• Today's business realities and the need to improve
• The dynamic nature of business processes
• Process improvement and problem-solving tools
• Building models with one—or several—predictor variables
• Using process experimentation to build models
• The process of applying statistical inference

With an in-depth discussion of JMP® software, Statistical Thinking, Second Edition focuses on skills to enrich business processes, including collecting data appropriate for a specified purpose, recognizing limitations in existing data, and understanding the limitations of statistical analyses.

About this edition

• Publisher: John Wiley & Sons Inc
• Publication date: 2012
• ISBN 10: 1118094778
• ISBN 13: 9781118094778
• Binding: Hardcover
• Edition number: 2
• Number of pages: 511