{"id":19986,"date":"2016-05-31T18:56:25","date_gmt":"2016-05-31T23:56:25","guid":{"rendered":"https:\/\/staging.opexlearning.com\/resources\/?p=19986"},"modified":"2016-05-31T18:56:25","modified_gmt":"2016-05-31T23:56:25","slug":"trend-charts-understanding-the-past-present-and-future","status":"publish","type":"post","link":"https:\/\/staging.opexlearning.com\/resources\/trend-charts-understanding-the-past-present-and-future\/19986\/","title":{"rendered":"Trend Charts: Understanding The Past, Present and Future"},"content":{"rendered":"<div class=\"a296a24fa2fc69ef5487857f02f111e8\" data-index=\"9\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- Single Post readerboard -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8207522353004717\"\r\n     data-ad-slot=\"1144967431\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<h3><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/staging.opexlearning.com\/resources\/wp-content\/uploads\/2016\/05\/6sig-trendcharts.jpg\" alt=\"trend charts, six sigma tools, six sigma, shmula.com\" width=\"800\" height=\"533\" class=\"alignnone size-full wp-image-19988\" srcset=\"https:\/\/staging.opexlearning.com\/resources\/wp-content\/uploads\/2016\/05\/6sig-trendcharts.jpg 800w, https:\/\/staging.opexlearning.com\/resources\/wp-content\/uploads\/2016\/05\/6sig-trendcharts-600x400.jpg 600w, https:\/\/staging.opexlearning.com\/resources\/wp-content\/uploads\/2016\/05\/6sig-trendcharts-300x200.jpg 300w, https:\/\/staging.opexlearning.com\/resources\/wp-content\/uploads\/2016\/05\/6sig-trendcharts-768x512.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/h3>\n<h3>Understanding the Path<\/h3>\n<p>Trend charts are a crucial Six Sigma tool. Making decisions based on small samples of data can present an inaccurate representation of facts. Small data samples typically fail to present the true situation based on varied factors. The best decision making practices look at the past, present and future, in depth. Leaders make better quality decisions when they understand varied factors and true performance.<\/p>\n<h3>A Proven Track Record Using Trend Charts<\/h3>\n<p>Trend charts provide a clear indication of where you have been, where you are at and where you are going. They capture detailed and specific data, over specific time periods. These charts are not simple short bursts or snapshots of data. The value of a trend chart comes with time. The graphical representation of time series data (information in sequence over time) shows the trend line or curve that reveals a general pattern of change. \u00a0A good trend chart has the following characteristics:<\/p>\n<ul>\n<li>Title: Accurately describes the subject of the chart.<\/li>\n<li>Labels: Clearly identifies information on the vertical Y-axis and horizontal X-axis to describe the measurement and the time period.<\/li>\n<li>Legend: \u00a0Differentiates the plotted lines.<\/li>\n<li>Appropriate Scales: \u00a0Narrow enough to show variation.<\/li>\n<li>Limited Characteristics: Helps avoid confusion from too many lines.<\/li>\n<li>Time Frame: Appropriate and encompassing.<\/li>\n<li>Notations: Made on any major spikes.<\/li>\n<li>Targets or Goals: Noted on the chart for reference.<\/li>\n<li>Who Prepared the Chart: \u00a0In case there are questions about the chart or the data.<\/li>\n<\/ul>\n<p>Analyzing performance data over time, allows for a variety of situational factors.\u00a0All processes vary, so single point measurements can be misleading.\u00a0Displaying data over time increases understanding of the real performance of a process, particularly with regard to an established target or goal.<\/p>\n<h3>Sound Decisions<\/h3>\n<p>Leaders make better decisions based upon factual clarity. Trend charts bring that clarity to the decision making process. History is a great teacher and we learn a great deal from these representations. Past performance over time gives us a better understanding of the facts under varied conditions. This data then allows us to project and forecast with a much higher level of accuracy as to the future performance of any given situation.<\/p>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Understanding the Path Trend charts are a crucial Six Sigma tool. Making decisions based on small samples of data can present an inaccurate representation of facts. Small data samples typically fail to present the true situation based on varied factors. The best decision making practices look at the past, present and future, in depth. Leaders [&hellip;]<\/p>\n","protected":false},"author":12327,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[17,670],"tags":[818,711,707,831],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trend Charts: Understanding The Past, Present and Future -<\/title>\n<meta name=\"description\" content=\"Trend Charts provide a clear indication of where you have been, where you are at and where you are going. 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