Data is the new oil, signifying its immense value in business; however, effectively interpreting and visualizing this data is crucial for gaining insights and driving decision-making.
Control charts are essential for businesses to effectively monitor data trends over time, enabling informed decision-making based on historical data patterns.
To create a control chart in Excel, the first step involves preparing a reliable data set that is well-organized, ensuring accurate identification of variations and trends.
Calculating the mean sales amount is fundamental in building a control chart, as it serves as a benchmark to recognize variations in the dataset.
[
Collection
]
[
|
...
]