Thursday, February 17, 2011

 Many people use Microsoft Excel on a daily basis. Yet few people realize the extent of Excel's analytical capabilities. Fewer still put these capabilities to work for process improvement, product improvement and profit.Most Excel users are aware of the common formulas and charts. But with some creativity, users can produce tools like control charts, Pareto charts and box-and-whisker plots (see "Using Excel for Data Analysis," Quality Digest, October 1997). And with a little guidance, users can employ more advanced statistical methods with Excel. This article presents a how-to approach for one such advanced technique-Weibull analysis.

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