Georgia Institute of Technology

Major flaws of business that play a role into strategy and society. Major companies are typically unwilling to sacrifice profits even for the greater good. How is value defined, created, and kept?

Basics of competitive advantage and how to achieve in business. Concepts are defined on three levels: low cost, differentiation, and dual advantage. Competitive advantage is defined based upon willingness to pay minus cost.

QUESTIOINS AND ANSWERS

this document specifically focus on the mass balance for an open system associated with flow in and flow out of the container (system). It covers the diagram and formula of flow balance in the steady condition.

The prediction interval of one member of the population will always be larger than the confidence interval of the mean response for all members of the population when using the same predicting values. - Answer- true See 1.7 Regression Line: Estimation & Prediction Examples "Just to wrap up the comparison, the confidence intervals under estimation are narrower than the prediction intervals becausethe prediction intervals have additional variance from the variation of a new measurement.

- Important to limit the number of factors in the model for 2 reasons: o Overfitting – When the number of factors is close to or larger than the number of data points the model might fit too closely to random effects o Simplicity – on aggregate simple models are better than complex ones. Using less factors means that less data is required and the is a smaller chance of including insignificant factors. Interpretability is also crucial. Some factors are even illegal to use such as race a...

# Week 5 Notes Variable Selection what do we do with a lot of factors in our models? variable selection helps us choose the best factors for our models variable selection can work for any factor based model - regression / classification why do we not want a lot of factors in our models? - overfitting: when the number of factors is close or larger than number of data points our model will overfit - overfitting: model captures the random effect of our data instead of the real effects too m...

EdX and its Members use cookies and other tracking technologies for performance, analytics, and marketing purposes. By using this website, you accept this use. Learn more about these technologies in the Privacy Policy. × Course Final Q… Final Q… Final Q… Final Quiz - Summer 2018 - Veried Learners View the Proctoring System Requirements to ensure that your set-up will work. Note that proctoring is only supported on MacOS and Windows machines. We recommend 1GB of free space on your m...

the document contains information about neuroscience, the neurons and their parts with their corresponding functions, and information about important neurotransmitters that impact are daily functioning.

The document contains information about the endocrine and nervous systems that compose the human body, their branches, and their respective functions,