Business Statistics

Per the textbook, trying to understand factors that impact the outcomes of business process is an important aspect of improving business operations. Conventional wisdom plans experiment one-factor-at-a-time (OFAAT). Compare and contrast the main advantages and disadvantages of OFAAT and DOE and select the approach (e.g., OFAAT or DOE) that you would use in order to obtain effective business process. Provide a rationale for your response.

Remarks:  The response must be detailed and answer the primary question and subpart of the primary question.  Write clearly and concisely about business process improvement using proper grammar and writing mechanics. You must use APA format and cite (2) references.