Describe a process monitoring scheme using an ewma

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Describe a process monitoring scheme using an EWMA with discount factor θ = 0.6. Would you expect this scheme to be seriously affected if instead you set (a) θ = 0.5, (b) θ = 0.7. (c) θ = 1.0, and (d) θ = 0?

Reference no: EM131832381

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