Ucf qmb - Study guides, Class notes & Summaries

QMB 3602 Exam 2 UCF Already Rated A Management Dilemma What are the symptoms that are causing management to investigate an issue? Management Question How can management eliminate the symptoms or capitalize on the opportunity? Research Question - Questions that explore the various options - These also form the hypotheses that best states the objective of the research Investigative Question - Represents the information that the decision maker needs to know - Ex: what is the publics opini...

Analytics - ANSWER the scientific process of transforming data into insight for making better decisions Descriptive Analytics - ANSWER Analytical techniques that describe what has happened in the past. Predictive Analytics - ANSWER Analytical techniques that use models constructed from past data to predict the future or assess the impact of one variable on another. Prescriptive Analytics - ANSWER Analytical techniques that yield a course of action. Big Data - ANSWER A set of data that can...

UCF QMB 3200 Final Exam Completed Updated Version with All Questions and 100% Correct Answers

Data the facts & figures collected, analyzed, and summarized for presentation and interpretation Dataset all the data collected for a particular analysis Element the entity on which data is collected Variable a characteristic of interest of an element Observation the variables associated with an individual element Categorical use numeric or ordinal values of measurement of categories Quantitative use numeric (quantitative) measures The type...

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UCF QMB 3200 Final Exam Questions With 100% Correct Answers