EWMA-CHART title: EWMA-chart (QM) (SAP Library - Glossary)
EWMA-CHART category: Quality Management (QM)
EWMA-CHART explained:
A control chart type that represents exponentially weighted moving averages (EWMA).
This variant of the Shewhart chart is suitable for use with small sample sizes and the sample size n=1. The EWMA leads to narrower control limits than in a normal mean value chart, and therefore even the slightest changes in the location of the value distribution can be recognized.
More terms such as EWMA-chart in Dictionary E.
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