PFMEA is also called potential failure mode effects analysis. The purpose of PFMEA analysis is to take actions to eliminate or reduce failures, starting with the high priority ones.
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The purpose of correlation analysis is to check the association between two items. This can be useful in determining accuracy.
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Log file analysis is not sufficient for this purpose.
When faced with an uncertain outcome or a choice of actions, a what-if analysis allows you to study the consequences of different routes that the future might take.
The correlation analysis is use in research to measure and interpret the strength of a logistic relationship between variables.