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Define Statistically Stable (Or "Within Statistical Control")

question 32

Essay

Define statistically stable (or "within statistical control"). Show examples of run charts which illustrate processes which are not statistically controlled. Discuss the pattern which indicates
the process is not statistically controlled for each example.


Definitions:

Capital Gain Yield

The price appreciation component of the total return on an investment, excluding any dividends or interest earned.

Income Yield

The income generated by an investment, usually expressed as a percentage of the investment's cost.

Total Return

The overall return on an investment, including the change in value plus any dividends or interest, over a specific period.

Capital Loss

A reduction in the value of an investment relative to its purchase price.

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