A helpful tool in identifying trends and cycles: Select only one answer. Run chart Scatter diagram O Pareto chart O None of the above

Answers 2

Answer:

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The answer is option 1. Run chart.

A run chart is a helpful tool for identifying trends and cycles.

  • A run chart is also called a run sequence. It is a graph that contains the data for the trends and influences over a specific period. This graph is used to study the trend cycle of that particular period.
  • When we have two separate variables, and we want to view their dependency and relationship, we can use the scatter diagram to study them. We can take the two variables on the x and y axes and plot them to see their pattern.
  • A Pareto chart is a bar diagram chart that focuses on the areas in which an organization needs to focus and improve its development.

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