Our World Statistics Day conversations have been a great reminder of how much statistics can inform our lives. Do you have an example of how statistics has made a difference in your life? Share your story with the Community!
Complex decision making is challenging. It can involve an overwhelming number of choices and multiple criteria that compete against each other, and it often requires a team with different priorities to reach a consensus. Finding metrics that quantify the important characteristics places data at the center of our choices. Using a statistical engineering road map like the DMRCS – Define-Measure-Reduce-Combine-Select – process provides a way to step through decision-making challenges and reach defensible, reproducible decisions. Several examples demonstrate strategies to facilitate visualization and discussion throughout the decision-making process.