A Funnel Plot is a scatterplot of treatment effect against a measure of study size.
Denver, CO (PRWEB) January 05, 2012
KnowWare International Inc. announces the availability of the Funnel Plot for QI Macros Lean Six Sigma SPC Software for Excel. A Funnel Plot is a scatterplot of treatment effect against a measure of study size. It can be used as a visual aid to detect bias in scientific studies. For instance, Funnel Plots assist in comparing hospitals, healthcare teams and doctors to a target. Funnel-shaped "Control Limits" provide an estimate of quality. See the Funnel Plot example here: http://www.qimacros.com/qiwizard/funnel-plot-excel-template.html.
The Funnel Plot is included with the purchase of QI Macros software. The QI Macros Lean Six Sigma SPC Software works in Excel 2000-2011 (PC and Mac) and is available for immediate download. The QI Macros consist of four parts: 1) 30 charts and two “Chart Wizards” that use existing Excel data to create pareto, control charts, and histograms; 2) over 90 fill-in-the-blank templates for Lean Six Sigma; 3) a Statistics Wizard; and 4) data transformation tools like the PivotTable Wizard that automates data analysis.
Unlike complex statistical tools, the QI Macros tools can be used by anyone from students to Six Sigma Black Belts. Users most often say that the QI Macros are convenient and hassle free: they are easy to learn; they work directly on Excel data; and they automate the most comonly used Lean Six Sigma improvement tools.
The QI Macros SPC Software contains 30+ charts and over 90+ fill-in-the-blank templates that simplify Lean Six Sigma complexities. At only $199 (thousands less than competitors), they are the least expensive, most robust solution available on the market.
Download a 30-day evaluation copy of the QI Macros for Excel at http://www.qimacros.com/freestuff.html. Readers can also signup for a free email course on Lean Six Sigma. For more information, testimonials, and pricing go to http://www.qimacros.com/excel-spc.html.
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