If you're reading this page, you know what an XmR chart is.
(If you don't, you're not ready for this product! Stop here and go sign up for our FREE email course!)
XmR charts help you make sense of your business metrics. They let you know what truly matters when you're looking at a business metric — any business metric.
to learn on your own. But!
To be honest, you can learn everything you'll need to know about XmR charts on your own!
Just:
read dozens of our blog posts
read one or two books
hunt down a small handful of old academic papers
and spend a year doing trial and error!
Or you can save all of that time, learn how to use these charts once, and start using them to achieve your goals in business.
The Metrics Masterclass will teach you everything you need to know about XmR charts, soup to nuts.
You're going to learn:
Advanced methods of using XmR charts, like: how to deal with seasonality? And how to deal with trended data?
A method to improve any process in your business.
Some of the challenges teaching this method and spreading it to the rest of your organisation.
Learn all the common gotchas, and potential pitfalls of using XmR charts in real world businesses.
Plus lots of real world case studies, learnt from painful trial and error.
And why would you want to learn all of these things?
Well, for one big reason.
Ask yourself:
Most of us don't REALLY understand how our business works.
If you're just working in one function of the business, you might not know how you get the results that you get!
But imagine:
You know what actually works in driving the results you care about.
You have a method for discovering underlying causal factors.
You're able to use numbers to make decisions — and, for the first time in your life, actually become data driven.
XmR charts are the entry-point to this sort of thinking and acting.
They are how you get to a vastly better way to run businesses.
Watch this first! Why are we here, some motivation, and some course logistics.
Welcome to the second section of module 1 of the Metrics Masterclass.
In this section Sam will discuss the two types of variation (Routine and Exceptional) and the 3 rules that XmR charts use to detect Exceptional variation in your data.
Welcome to section 3 of Module 1 of the Metrics Masterclass.
In this section Cedric will run through the 3 main ways you can use XmR charts with your metrics.
Before and After Changes
Monitoring a Process
Prediction
Welcome to section 4 of Module 1 of the Metrics Masterclass.
In this section Sam will discuss some types of data that will require you to "transform" (change) your data before you can place it onto an XmR chart.
The 3 types of data he will cover are:
Count Data
Rare Event Data
Trended Data
Welcome to section 5 of Module 1 of the Metrics Masterclass.
In this section Cedric will talk through how to improve your process, and is probably one of the most important sections of the course. The two videos will cover
Deep dives into how we think about improvement at Commoncog
Improving the variation in a process, not just the mean
Welcome to section 6 of Module 1 of the Metrics Masterclass.
In this section, Sam will discuss the ways that XmR charts can fail and what you can do to avoid this.
The three failure modes he will cover are:
Chunky Data
The Calculation Effect
Double Humped Distributions
A better — simpler! — way to run experiments in your company.