2023
DOI: 10.1002/qre.3471
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Beyond the EWMA chart: Critiquing hybrid approaches

Abdul Haq

Abstract: This study reveals that recent variants of the EWMA chart have problematic weighting functions. These functions assign more weight to past data values than to the most recent ones, a practice that is less advisable. What we observed is that these weighting functions have a detrimental impact on the run length properties of these modified charts. Surprisingly, it turns out that, in practice, using a standard EWMA chart often results in superior overall performance when compared to the recent variants of the EWM… Show more

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Cited by 2 publications
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“…The reader may consult these papers for further clarity. The simple moving averages-based EWMA control chart has an issue in assigning the weights as the statistic assigns more weight to the past observations 33 . This problem occurs as all the observations are assigned equal weights to calculate moving averages.…”
Section: Proposed MM Ewma Control Chart For Joint Monitoringmentioning
confidence: 99%
“…The reader may consult these papers for further clarity. The simple moving averages-based EWMA control chart has an issue in assigning the weights as the statistic assigns more weight to the past observations 33 . This problem occurs as all the observations are assigned equal weights to calculate moving averages.…”
Section: Proposed MM Ewma Control Chart For Joint Monitoringmentioning
confidence: 99%