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Activity Number: 89 - Nonparametric Methods for Modern Data
Type: Contributed
Date/Time: Monday, August 9, 2021 : 10:00 AM to 11:50 AM
Sponsor: Section on Nonparametric Statistics
Abstract #318657
Title: A Generally Weighted Moving Average Exceedance Chart
Author(s): Niladri Chakraborty* and Schalk Human and Narayanaswamy Balakrishnan
Companies: University of the Free State and University of Pretoria and McMaster University
Keywords: Nonparametric process monitoring; Exceedance statistic; Precedence statistic; GWMA control chart
Abstract:

Distribution-free control charts gained momentum in recent years as they are more efficient in detecting a shift when there is a lack of information regarding the underlying process distribution. However, a distribution-free control chart for monitoring the process location often requires information on the in-control process median. This is somewhat challenging because, in practice, any information on the location parameter might not be known in advance and estimation of the parameter is therefore required. In view of this, a time-weighted control chart, labelled as the Generally Weighted Moving Average (GWMA) exceedance (EX) chart (in short GWMA-EX chart), is proposed for detection of a shift in the unknown process location; this chart is based on exceedance statistic when there is no information available on the process distribution. An extensive performance analysis shows that the proposed GWMA-EX control chart is, in many cases, better than its contenders.


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