WGU C723 Quantitative Analysis for Business
Study online at https://quizlet.com/_8fjdn8
1. Quantitative Analysis Analysis using objective data
2. Qualitative Analysis Analysis using subjective Data
3. Response Variable Another name for the dependent variable
4. Explanatory Variable Another name for the dependent variable
5. Negative Correclation Correlation that occurs when one variable increases and the other variable
decreases
6. Positive Correlation Correlation that occurs when one variable and the other
7. Nonnumeric Data Data of a form such as words, symbols, or letters that are not used in
calculations
8. Numerical Data Data represented by numbers
9. Trendline Line that shows the general direction of the relationship of points over
time
10. Objective Data Measurable data often obtained through observations or testing
11. Correlation Measure of the strength of the linear relationship between variables
-does not apply cause and affect "shoe size doesn't affect reading ability
, WGU C723 Quantitative Analysis for Business
Study online at https://quizlet.com/_8fjdn8
even though they are closely related in grades school"
-used to compare two variables to determine the strength of the linear
relationship between them
12. Metric Measurement used to gauge performance
13. Forecasting Method or process used to make short range decisions where the actual
outcomes have not yet occurred
14. Subjective Data Non-measurable data often obtained through surveys or interviews
15. Descriptive Statistics The analysis of data, to describe, interpret, and summarize data in a
meaningful way
16. Inferential Statistics The analysis of data to reach conclusions, generalizations, and estimations
based on a small sample of the population
17. Statistics The gathering, organizing, and interpreting of numerical data
18. Moderating Variable Variable that changes the effect of independent variable on the dependent
variable
19. Dependent Variable Variable that is being measured or affected
20. Independent Variable Variable that is free to change in a given model
21. Quantitative Analysis: -Decision Tree
models -Network Diagram
-ANOVA
-Linear regression
-Linear Programming
-Break-even Analysis
-Simulation
-and more
Study online at https://quizlet.com/_8fjdn8
1. Quantitative Analysis Analysis using objective data
2. Qualitative Analysis Analysis using subjective Data
3. Response Variable Another name for the dependent variable
4. Explanatory Variable Another name for the dependent variable
5. Negative Correclation Correlation that occurs when one variable increases and the other variable
decreases
6. Positive Correlation Correlation that occurs when one variable and the other
7. Nonnumeric Data Data of a form such as words, symbols, or letters that are not used in
calculations
8. Numerical Data Data represented by numbers
9. Trendline Line that shows the general direction of the relationship of points over
time
10. Objective Data Measurable data often obtained through observations or testing
11. Correlation Measure of the strength of the linear relationship between variables
-does not apply cause and affect "shoe size doesn't affect reading ability
, WGU C723 Quantitative Analysis for Business
Study online at https://quizlet.com/_8fjdn8
even though they are closely related in grades school"
-used to compare two variables to determine the strength of the linear
relationship between them
12. Metric Measurement used to gauge performance
13. Forecasting Method or process used to make short range decisions where the actual
outcomes have not yet occurred
14. Subjective Data Non-measurable data often obtained through surveys or interviews
15. Descriptive Statistics The analysis of data, to describe, interpret, and summarize data in a
meaningful way
16. Inferential Statistics The analysis of data to reach conclusions, generalizations, and estimations
based on a small sample of the population
17. Statistics The gathering, organizing, and interpreting of numerical data
18. Moderating Variable Variable that changes the effect of independent variable on the dependent
variable
19. Dependent Variable Variable that is being measured or affected
20. Independent Variable Variable that is free to change in a given model
21. Quantitative Analysis: -Decision Tree
models -Network Diagram
-ANOVA
-Linear regression
-Linear Programming
-Break-even Analysis
-Simulation
-and more
