Every plant manager has a "golden batch": the run that went perfectly and that everyone secretly compares against. The problem is that a single golden batch is an anecdote. This week you replace the anecdote with an envelope: what 80 normal batches look like together, with statistical limits instead of someone's gut thresholds. The analogy from your world is the portfolio dashboard. A single project running 5% late …
If you only do one thing this week: T² limits computed
Nomikos P. & MacGregor J.F., "Multivariate SPC Charts for Monitoring Batch Processes", Technomet…
Saturday sandbox
· after Stanford Online · Statistical Learning with Python
Nomikos P. & MacGregor J.F., "Multivariate SPC Charts for Monitoring Batch Processes", Technometrics 37(1):41-59, 1995. DOI 10.1080/00401706.1995.10485888 · author PDF mirror: three-mode.leidenuniv.nl/pdf/n/nomikosmacgregor1995tmet.pdf. The founding paper of batch MSPC — abstract and figures are enough. Cite it in week 08's report