One of the very first plots to do with a string of data is a simple run plot. This plot provides information related to location, trends, patterns, and anomalies, The plot of the data over time is a rather informative chart.
You have most likely constructed many run charts; if not you really should. This short introduction to the run chart will cover creating and interpreting them. Plus we’ll mention a few cautions and tips, as well. [Read more…]