Can anyone explain the math behind the Smart Tile? I am using the example data provided in the help and attempting to recreate the ranges using Excel. I'm doing this because I am being asked to 'prove it' that the tool is a good replacement for SPC charts and can help us create alerts (when things fall into the 'Extreme' Tile name bucket.
If anyone can help me understand the math used so I can recreate in Excel and/or explain it to the stats people in my organization and put their minds at ease I'd appreciate it. Been messing with it for a while and can't figure out what it's doing.
Thanks!