100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
WPC 300 Final Exam Questions with Complete Answers $15.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. WPC 300
  4.  
  5. WPC 300

Exam (elaborations)

WPC 300 Final Exam Questions with Complete Answers
 0 purchase
  • Course
  • WPC 300
  • Institution
  • WPC 300

Heuristic - Answer-Learns by acting Uses trial and error Values experience, effort reduction Relies on common sense Seeks satisficing solution Fast and frugal May lead to decision biases! analytics - Answer-developing actionable decisions or rec for action based on insights from hi...

[Show more]

Preview 2 out of 10  pages

Document information

  • October 21, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wpc 300 final exam questions with complete answers
  • heuristic answer learns by acting uses trial a

Written for

  • WPC 300
  • WPC 300

Seller

avatar-seller
lectknancy

Reviews received

Content preview

WPC 300 Final Exam Questions with
Complete Answers
Heuristic - Answer-Learns by acting
Uses trial and error
Values experience, effort reduction
Relies on common sense
Seeks satisficing solution
Fast and frugal
May lead to decision biases!

analytics - Answer-developing actionable decisions or rec for action based on insights
from histroical data
-combo of computer tech, mgt sci techniques, and states to solve real problems
-sports analytics, tinder

descriptive - Answer-preliminary stage, create summary of histroical data to yield useful
info and prep data for further analysis
-what happened
-std report, dashboard, visuals
-defined business probelm and opportunity

explanatory - Answer-look into past and why is certain thing happened, working on a
dashboard
-why and how happened
- inferential, visual
-causal relation

predictive - Answer-use of data, algorithm, machine learning technique to identify
liklihood of future outcomes based on list of hist data, what will happen
-what and why happened next
-data mine, text mine, FC
-accurate projection of future

prescriptive - Answer-what to do by providing info on optimal decisions based on
predictions, real time
-what should by done and why
-opt, sim, expert systems
-best possible business decision

Exploratory visual - Answer-you have hist data and explore data to find out about it
(tablaeu)

confirmatory visual - Answer-expect correlation and look at visual to confirm

, production visual - Answer-know to look for because understand problem, usually used
to find problems
-dashboard

spatial data visual - Answer-color coded map

dynamic visual - Answer-graph video shows data changes through the years

Tufte's principles of data visualization - Answer--The chart should tell a story
-The chart should have graphical integrity
-The chart should minimize graphical complexity

Lie Factor - Answer-size of effect shown in graphic / size of effect in data
should roughly equal 1
Lie Factor << 1: Understated effect
Lie Factor >> 1: Exaggerated effect

Data-ink ratio - Answer-(data-ink)/(total ink used to print the graphic)
should roughly equal 1
DIR ≪ 1, more non-data related info present in chart
DIR ≫ 1, less non-data related info present in chart
DIR = 1, all ink devoted to present the data in chart

chartjunk - Answer-any unnecessary information or feature in a graph that detracts from
a viewer's ability to understand the data
-When the data-ink ratio is low, chartjunk is likely to be high

Moiré effects - Answer-visual perception that occurs when viewing a set of lines or dots
that is superimposed on another set of lines or dots, where the sets differ in relative
size, angle, or spacing.

Principles of storytelling - Answer-Good storytelling is about keeping both you and your
audience emotionally engaged to follow your entire story to make the point memorable

Framing - Answer-the way an issue is posed

structure - Answer-Beginning - Context: set the scene
Middle - Execute analysis & report results
End - Review what was intended, interpret results - Conclusions naturally flow

engagement - Answer-evaluation mode

Population - Answer-the whole
a collection of persons, objects, or items under study

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$15.49
  • (0)
Add to cart
Added