Taguchi array

Definition

A method of risk management that attempts to dramatically reduce the effort required to gather necessary data. Designed by Dr. Genichi Taguchi, the Taguchi array is a method of determining how many trials may be necessary to achieve the desired outcome as well as the factor levels involved with each trial. Unlike other methods of testing, the Taguchi array does not account for the relationship between parameters but instead views each as independent.

Related Videos




http://www.businessdictionary.com/definition/Taguchi-array.html

Today's Top Bulls

73% Bullish
(95 Votes)
72% Bullish
(18 Votes)
70% Bullish
(70 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z