C207 WGU Data Driven Decision Making Already Passed!!
Descriptive - ANSWER Past data only; Not predicting or optimizing Predictive - ANSWER Past to predict the future; Predicting, no optimizing Prescriptive - ANSWER Past to predict the future and optimizing Omission - ANSWER Missing information Out of Range - ANSWER Doesn't match the data or not true Reliable - ANSWER Constant and repeatable. A measure of the instrument Valid - ANSWER Measures what is intended to be measured Measurement bias - ANSWER Includes representative sample, random, large enough sample Information bias - ANSWER Ignore the purpose of the information collection; not truthful answers Big Data - ANSWER Both structure and unstructured; to large to process using traditional database and software techniques Data mining - ANSWER Process of discovering pattern in large data sets Why collect big data? - ANSWER Used to encourage buying behavior Analytics - ANSWER the extensive use of data, statistical and qua
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