1variance
1variance is a statistical measure that quantifies the dispersion or spread of a dataset. Unlike traditional variance which considers all data points, 1variance specifically examines the deviation of individual data points from the mean value. This measure is particularly useful in quality control and process management where understanding individual variations is more critical than overall variability.
The calculation of 1variance involves taking each data point, subtracting the mean, and then squaring this
In practical applications, 1variance helps professionals pinpoint exact sources of variation in manufacturing processes, financial markets,