Both variance and sensitivity analyses provide useful information to managers of small companies as they seek to increase company performance and reduce the company's risks. While both forms of ...

Facilities that focus on manufacturing and production track two kinds of costs: fixed costs and variable costs. The variable costs are those that change when production levels change: raw materials, ...

Many finance teams treat variance analysis as a box-checking exercise: Set a threshold, flag the swing, move on. That’s why so many controllers spend days chasing noise while risks slip through. It’s ...

The level and power of the usual F-test for the r-way layout in analysis of variance (ANOVA) are vitiated when the assumption of equality of error variances is ...

One way is by addressing underpayment issues. However, hospitals often limit their efforts due to lack of dedicated resources focused on underpayments and overreliance on payment variance reports to ...

This article deals with layouts involving one random factor and at least one fixed factor crossed with the random factor, where the sum of the observations on each level of the random factor must ...

Static budget variances are the differences between what a company or individual thought it would spend in its budget versus what it actually did. In a static budget, a company or individual creates ...

If you are struggling to keep track of performance metrics and identify areas needing improvement? You will be pleased to know that you are not alone. Many people find it challenging to sift through ...