The moving-range chart and autocorrelated processes |
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| Authors: | Darrcll Radson |
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| Institution: | school of Business Administration , University of Wisconsin-Milwaukee , P.O. Box 742, Milwaukee, WI 53201 |
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| Abstract: | This paper investigates the behavior of the moving-range statistic and the performance of the standard moving-range chart in the presence of autocorrelation. The distributional properties and time-series properties of the moving-range statistic are presented. The average run length (ARL) properties of the standard moving-range chart in the presence of autocorrelation and a new proposed chart are presented. |
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| Keywords: | autocorrelation half-normal distribution moving range chart |
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