Which of these is not an advantage of low value of λ in the case of EWMA charts?
Which of these is not an advantage of low value of λ in the case of EWMA charts? Correct Answer Easy detection of small process shifts
Low values of λ are quite helpful in finding small process shifts, good AR performance, and in increasing the insensitivity of the EWMA charts to the normality of the data. They don’t give the charts ability to detect the larger process shifts.
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Feb 20, 2025