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Exam (elaborations)

C207 WGU Data Driven Decision Making

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  • C207 WGU Data Driven Decision Making

Descriptive - answer-Past data only; Not predicting or optimizing Predictive - answer-Past to predict the future; Predicting, no optimizing Prescriptive - answer-Past to predict the future and optimizing Omission - answer-Missing information Out of Range - answer-Doesn't match the data ...

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  • September 13, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • C207 WGU Data Driven Decision Making
  • C207 WGU Data Driven Decision Making
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C207 WGU DATA DRIVEN DECISION MAKING
STUDY GUIDE
Descriptive - answer-Past data only; Not predicting or optimizing

Predictive - answer-Past to predict the future; Predicting, no optimizing

Prescriptive - answer-Past to predict the future and optimizing

Omission - answer-Missing information

Out of Range - answer-Doesn't match the data or not true

Reliable - answer-Constant and repeatable. A measure of the instrument

Valid - answer-Measures what is intended to be measured

Measurement bias - answer-Includes representative sample, random, large enough
sample

Information bias - answer-Ignore the purpose of the information collection; not truthful
answers

Big Data - answer-Both structure and unstructured; to large to process using traditional
database and software techniques

Data mining - answer-Process of discovering pattern in large data sets

Why collect big data? - answer-Used to encourage buying behavior

Analytics - answer-the extensive use of data, statistical and quantitative analysis,
explanatory and predictive models, and fact-based management to drive decisions and
and add value

Variable - answer-An expression that can be assigned to data

Continuous data - answer-Data that can lay along any point in a range of data (age 22.6
old)

Discrete data - answer-Whole values only and clear boundaries

Nominal data - answer-Categorical data used to label subjects in a study; discrete (male
female)

, Ordinal data - answer-Allows you to place objects on some in some kind of order
according to some quality; discrete (black belts 3rd degree higher than 1st degree)

Interval data - answer-has order; all objects are equal interval apart; no natural zero
point and zero does not represent the absence of the property measured; Continuous
(time, date, temperature)

Ratio data - answer-Has a unique zero point - numbers can be compared as multiples
of one another, continuous (income, stock, repeat customers)

Observational studies - answer-used when impractical and impossible to control the
conditions of the study

Prospective cohort study - answer-Observe people going forward in time from the time
of their entry into the study

Experimental studies - answer-All variable measurements and manipulations are under
researcher's control.

Experimental studies: Experimental units - answer-Subjects or objects under
observations

Experimental studies: Experimental treatments - answer-Procedure applied to each
subject

Experimental studies: Responses - answer-Effects of the experimental treatments

1st step of statistical experiment - answer-Identify the experimental units from which you
want to measure something

2nd step of statistical experiment - answer-Id the treatments and controls that you will
use on control group

3rd step of statistical experiment - answer-Generate a testable hypothesis

construct validity - answer-study actual measure what is being investigated

content validity - answer-Construct measures what it claims to measure

Internal validity - answer-Biases may have entered the study

Blind study - answer-participants are not told if they are in treatment group or control
group

Double blind - answer-neither treatment allocator nor participant know which group
participant is in

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