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DSIMGTS FINALS REVIEWER New 202-2024 /Questions With Verified Answers Graded (A+)
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DSIMGTS FINALS REVIEWER New 202-2024 /Questions With Verified Answers Graded (A+)
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DSIMGTS FINALS REVIEWER New 202-2024/Questions With Verified Answers Graded (A+)
Quiz :Business Analytics - Answer :A field of study that uses computers,
statistics, and mathematics to solve business problems.
Quiz :Computer Model - Answer :A set of mathematical relationships and
logical assumptions implemented in a computer as an abstract representation
of a real-world object of phenomenon
Quiz :Spreadsheets - Answer :the most convenient way for business people to
build computer models.
Quiz :Characteristics of Models - Answer :Simplified, Valid
Quiz :Benefits of Models - Answer :Economy, Timeliness, Feasibility, Insight
and Understanding
Quiz :Problem Solving Framework - Answer :1. Identify Problem
2. Formulate and Implement Model
3. Analyze Model
4. Test Results
5. Implement Solution
Quiz :Anchoring Effects - Answer :when trivial factors influence initial thinking
about a problem.
Quiz :Framing Effects - Answer :how decision-makers view a problem from a
win-loss perspective
Quiz :Regression analysis - Answer :statistical procedure used to develop an
equation showing how two or more variables are related
Quiz :Dependent Variable - Answer :*Response
*Variable being predicted (y variable)
Quiz :Independent variables - Answer :*Predictor Variables
*Used to predict the value of the dependent variable (x variable)
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