| data analysis and decision making: Business Analytics S. Christian Albright, Wayne L. Winston, 2019 |
| data analysis and decision making: Business Analytics S. Christian Albright, Wayne L. Winston, 2017 |
| data analysis and decision making: Data Analysis & Decision Making with Microsoft Excel Samuel Christian Albright, Wayne L. Winston, Christopher J. Zappe, 2009 Master data analysis, modeling, and spreadsheet use with DATA ANALYSIS AND DECISION MAKING WITH MICROSOFT EXCEL! With a teach-by-example approach, student-friendly writing style, and complete Excel integration, this quantitative methods text provides you with the tools you need to succeed. Margin notes, boxed-in definitions and formulas in the text, enhanced explanations in the text itself, and stated objectives for the examples found throughout the text make studying easy. Problem sets and cases provide realistic examples that enable you to see the relevance of the material to your future as a business leader. The CD-ROMs packaged with every new book include the following add-ins: the Palisade Decision Tools Suite (@RISK, StatTools, PrecisionTree, TopRank, and RISKOptimizer); and SolverTable, which allows you to do sensitivity analysis. All of these add-ins have been revised for Excel 2007. |
| data analysis and decision making: Private Real Estate Investment Roger J. Brown, 2005-03-29 Fiduciary responsibilities and related court-imposed liabilities have forced investors to assess market conditions beyond gut level, resulting in the development of sophisticated decision-making tools. Roger Brown's use of historical real estate data enables him to develop tools for gauging the impact of circumstances on relative risk. His application of higher level statistical modeling to various aspects of real estate makes this book an essential partner in real estate research. Offering tools to enhance decision-making for consumers and researchers in market economies of any country interested in land use and real estate investment, his book will improve real estate market efficiency. With property the world's biggest asset class, timely data on housing prices just got easier to find and use. - Excellent mixture of theory and application - Data and database analysis techniques are the first of their kind |
| data analysis and decision making: Big Data on Campus Karen L. Webber, Henry Y. Zheng, 2020-11-03 Webber, Henry Y. Zheng, Ying Zhou |
| data analysis and decision making: Management Decision-Making, Big Data and Analytics Simone Gressel, David J. Pauleen, Nazim Taskin, 2020-10-12 Accessible and concise, this exciting new textbook examines data analytics from a managerial and organizational perspective and looks at how they can help managers become more effective decision-makers. The book successfully combines theory with practical application, featuring case studies, examples and a ‘critical incidents’ feature that make these topics engaging and relevant for students of business and management. The book features chapters on cutting-edge topics, including: • Big data • Analytics • Managing emerging technologies and decision-making • Managing the ethics, security, privacy and legal aspects of data-driven decision-making The book is accompanied by an Instructor’s Manual, PowerPoint slides and access to journal articles. Suitable for management students studying business analytics and decision-making at undergraduate, postgraduate and MBA levels. |
| data analysis and decision making: Data Science for Business and Decision Making Luiz Paulo Favero, Patricia Belfiore, 2019-04-11 Data Science for Business and Decision Making covers both statistics and operations research while most competing textbooks focus on one or the other. As a result, the book more clearly defines the principles of business analytics for those who want to apply quantitative methods in their work. Its emphasis reflects the importance of regression, optimization and simulation for practitioners of business analytics. Each chapter uses a didactic format that is followed by exercises and answers. Freely-accessible datasets enable students and professionals to work with Excel, Stata Statistical Software®, and IBM SPSS Statistics Software®. - Combines statistics and operations research modeling to teach the principles of business analytics - Written for students who want to apply statistics, optimization and multivariate modeling to gain competitive advantages in business - Shows how powerful software packages, such as SPSS and Stata, can create graphical and numerical outputs |
| data analysis and decision making: Business Analytics for Decision Making Steven Orla Kimbrough, Hoong Chuin Lau, 2018-09-03 Business Analytics for Decision Making, the first complete text suitable for use in introductory Business Analytics courses, establishes a national syllabus for an emerging first course at an MBA or upper undergraduate level. This timely text is mainly about model analytics, particularly analytics for constrained optimization. It uses implementations that allow students to explore models and data for the sake of discovery, understanding, and decision making. Business analytics is about using data and models to solve various kinds of decision problems. There are three aspects for those who want to make the most of their analytics: encoding, solution design, and post-solution analysis. This textbook addresses all three. Emphasizing the use of constrained optimization models for decision making, the book concentrates on post-solution analysis of models. The text focuses on computationally challenging problems that commonly arise in business environments. Unique among business analytics texts, it emphasizes using heuristics for solving difficult optimization problems important in business practice by making best use of methods from Computer Science and Operations Research. Furthermore, case studies and examples illustrate the real-world applications of these methods. The authors supply examples in Excel®, GAMS, MATLAB®, and OPL. The metaheuristics code is also made available at the book's website in a documented library of Python modules, along with data and material for homework exercises. From the beginning, the authors emphasize analytics and de-emphasize representation and encoding so students will have plenty to sink their teeth into regardless of their computer programming experience. |
| data analysis and decision making: Big Data Analytics Using Multiple Criteria Decision-Making Models Ramakrishnan Ramanathan, Muthu Mathirajan, A. Ravi Ravindran, 2017-07-12 Multiple Criteria Decision Making (MCDM) is a subfield of Operations Research, dealing with decision making problems. A decision-making problem is characterized by the need to choose one or a few among a number of alternatives. The field of MCDM assumes special importance in this era of Big Data and Business Analytics. In this volume, the focus will be on modelling-based tools for Business Analytics (BA), with exclusive focus on the sub-field of MCDM within the domain of operations research. The book will include an Introduction to Big Data and Business Analytics, and challenges and opportunities for developing MCDM models in the era of Big Data. |
| data analysis and decision making: Statistics, Data Analysis, and Decision Modeling James Robert Evans, 2013 For undergraduate and graduate level courses that combines introductory statistics with data analysis or decision modeling. A pragmatic approach to statistics, data analysis and decision modeling. Statistics, Data Analysis & Decision Modeling focuses on the practical understanding of its topics, allowing readers to develop conceptual insight on fundamental techniques and theories. Evans' dedication to present material in a simple and straightforward fashion is ideal for student comprehension. |
| data analysis and decision making: Business Analytics: Data Analysis & Decision Making S. Christian Albright, Wayne L. Winston, 2014-02-28 Become a master of data analysis, modeling, and spreadsheet use with BUSINESS ANALYTICS: DATA ANALYSIS AND DECISION MAKING, 5E! This quantitative methods text provides users with the tools to succeed with a teach-by-example approach, student-friendly writing style, and complete Excel 2013 integration. It is also compatible with Excel 2010 and 2007. Problem sets and cases provide realistic examples to show the relevance of the material. The Companion Website includes: the Palisade DecisionTools Suite (@RISK, StatTools, PrecisionTree, TopRank, RISKOptimizer, NeuralTools, and Evolver); SolverTable, which allows you to do sensitivity analysis; data and solutions files, PowerPoint slides, and tutorial videos. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version. |
| data analysis and decision making: Data Driven Decision Making Using Analytics Parul Gandhi, Surbhi Bhatia, Kapal Dev, 2024-10-07 This book aims to explain Data Analytics towards decision making in terms of models and algorithms, theoretical concepts, applications, experiments in relevant domains or focused on specific issues. It explores the concepts of database technology, machine learning, knowledge-based system, high performance computing, information retrieval, finding patterns hidden in large datasets and data visualization. Also, it presents various paradigms including pattern mining, clustering, classification, and data analysis. Overall aim is to provide technical solutions in the field of data analytics and data mining. Features: Covers descriptive statistics with respect to predictive analytics and business analytics. Discusses different data analytics platforms for real-time applications. Explain SMART business models. Includes algorithms in data sciences alongwith automated methods and models. Explores varied challenges encountered by researchers and businesses in the realm of real-time analytics. This book aims at researchers and graduate students in data analytics, data sciences, data mining, and signal processing. |
| data analysis and decision making: A Practitioner's Guide to Business Analytics (PB) Randy Bartlett, 2013-01-25 Gain the competitive edge with the smart use of business analytics In today’s volatile business environment, the strategic use of business analytics is more important than ever. A Practitioners Guide to Business Analytics helps you get the organizational commitment you need to get business analytics up and running in your company. It provides solutions for meeting the strategic challenges of applying analytics, such as: Integrating analytics into decision making, corporate culture, and business strategy Leading and organizing analytics within the corporation Applying statistical qualifications, statistical diagnostics, and statistical review Providing effective building blocks to support analytics—statistical software, data collection, and data management Randy Bartlett, Ph.D., is Chief Statistical Officer of the consulting company Blue Sigma Analytics. He currently works with Infosys, where he has helped build their new Business Analytics practice. |
| data analysis and decision making: Big Data Analytics for Improved Accuracy, Efficiency, and Decision Making in Digital Marketing Singh, Amandeep, 2021-06-18 The availability of big data, low-cost commodity hardware, and new information management and analytic software have produced a unique moment in the history of data analysis. The convergence of these trends means that we have the capabilities required to analyze astonishing data sets quickly and cost-effectively for the first time in history. They represent a genuine leap forward and a clear opportunity to realize enormous gains in terms of efficiency, productivity, revenue, and profitability especially in digital marketing. Data plays a huge role in understanding valuable insights about target demographics and customer preferences. From every interaction with technology, regardless of whether it is active or passive, we are creating new data that can describe us. If analyzed correctly, these data points can explain a lot about our behavior, personalities, and life events. Companies can leverage these insights for product improvements, business strategy, and marketing campaigns to cater to the target customers. Big Data Analytics for Improved Accuracy, Efficiency, and Decision Making in Digital Marketing aids understanding of big data in terms of digital marketing for meaningful analysis of information that can improve marketing efforts and strategies using the latest digital techniques. The chapters cover a wide array of essential marketing topics and techniques, including search engine marketing, consumer behavior, social media marketing, online advertising, and how they interact with big data. This book is essential for professionals and researchers working in the field of analytics, data, and digital marketing, along with marketers, advertisers, brand managers, social media specialists, managers, sales professionals, practitioners, researchers, academicians, and students looking for the latest information on how big data is being used in digital marketing strategies. |
| data analysis and decision making: Data Analysis & Decision Making with Microsoft Excel S. Christian Albright, Wayne L. Winston, Christopher James Zappe, 2006 Emphasises on data analysis, modeling, and spreadsheet use in statistics and management science. This book contains professional Excel software add-ins and a teach-by-example approach. |
| data analysis and decision making: Data-based Decision Making in Education Kim Schildkamp, Mei Kuin Lai, Lorna Earl, 2012-09-18 In a context where schools are held more and more accountable for the education they provide, data-based decision making has become increasingly important. This book brings together scholars from several countries to examine data-based decision making. Data-based decision making in this book refers to making decisions based on a broad range of evidence, such as scores on students’ assessments, classroom observations etc. This book supports policy-makers, people working with schools, researchers and school leaders and teachers in the use of data, by bringing together the current research conducted on data use across multiple countries into a single volume. Some of these studies are ‘best practice’ studies, where effective data use has led to improvements in student learning. Others provide insight into challenges in both policy and practice environments. Each of them draws on research and literature in the field. |
| data analysis and decision making: Frontiers of Statistical Decision Making and Bayesian Analysis Ming-Hui Chen, Peter Müller, Dongchu Sun, Keying Ye, Dipak K. Dey, 2010-07-24 Research in Bayesian analysis and statistical decision theory is rapidly expanding and diversifying, making it increasingly more difficult for any single researcher to stay up to date on all current research frontiers. This book provides a review of current research challenges and opportunities. While the book can not exhaustively cover all current research areas, it does include some exemplary discussion of most research frontiers. Topics include objective Bayesian inference, shrinkage estimation and other decision based estimation, model selection and testing, nonparametric Bayes, the interface of Bayesian and frequentist inference, data mining and machine learning, methods for categorical and spatio-temporal data analysis and posterior simulation methods. Several major application areas are covered: computer models, Bayesian clinical trial design, epidemiology, phylogenetics, bioinformatics, climate modeling and applications in political science, finance and marketing. As a review of current research in Bayesian analysis the book presents a balance between theory and applications. The lack of a clear demarcation between theoretical and applied research is a reflection of the highly interdisciplinary and often applied nature of research in Bayesian statistics. The book is intended as an update for researchers in Bayesian statistics, including non-statisticians who make use of Bayesian inference to address substantive research questions in other fields. It would also be useful for graduate students and research scholars in statistics or biostatistics who wish to acquaint themselves with current research frontiers. |
| data analysis and decision making: Real-world Data Mining Dursun Delen, 2015 As business becomes increasingly complex and global, decision-makers must act more rapidly and accurately, based on the best available evidence. Modern data mining and analytics is indispensable for doing this. Real-World Data Mining demystifies current best practices, showing how to use data mining and analytics to uncover hidden patterns and correlations, and leverage these to improve all business decision-making. Drawing on extensive experience as a researcher, practitioner, and instructor, Dr. Dursun Delen delivers an optimal balance of concepts, techniques and applications. Without compromising either simplicity or clarity, Delen provides enough technical depth to help readers truly understand how data mining technologies work. Coverage includes: data mining processes, methods, and techniques; the role and management of data; tools and metrics; text and web mining; sentiment analysis; and integration with cutting-edge Big Data approaches. Throughout, Delen's conceptual coverage is complemented with application case studies (examples of both successes and failures), as well as simple, hands-on tutorials. |
| data analysis and decision making: Data Driven Decision Making using Analytics Parul Gandhi, Surbhi Bhatia, Kapal Dev, 2021-12-16 This book aims to explain Data Analytics towards decision making in terms of models and algorithms, theoretical concepts, applications, experiments in relevant domains or focused on specific issues. It explores the concepts of database technology, machine learning, knowledge-based system, high performance computing, information retrieval, finding patterns hidden in large datasets and data visualization. Also, it presents various paradigms including pattern mining, clustering, classification, and data analysis. Overall aim is to provide technical solutions in the field of data analytics and data mining. Features: Covers descriptive statistics with respect to predictive analytics and business analytics. Discusses different data analytics platforms for real-time applications. Explain SMART business models. Includes algorithms in data sciences alongwith automated methods and models. Explores varied challenges encountered by researchers and businesses in the realm of real-time analytics. This book aims at researchers and graduate students in data analytics, data sciences, data mining, and signal processing. |
| data analysis and decision making: Research Methods and Data Analysis for Business Decisions James E. Sallis, Geir Gripsrud, Ulf Henning Olsson, Ragnhild Silkoset, 2021-10-30 This introductory textbook presents research methods and data analysis tools in non-technical language. It explains the research process and the basics of qualitative and quantitative data analysis, including procedures and methods, analysis, interpretation, and applications using hands-on data examples in QDA Miner Lite and IBM SPSS Statistics software. The book is divided into four parts that address study and research design; data collection, qualitative methods and surveys; statistical methods, including hypothesis testing, regression, cluster and factor analysis; and reporting. The intended audience is business and social science students learning scientific research methods, however, given its business context, the book will be equally useful for decision-makers in businesses and organizations. |
| data analysis and decision making: Customer and Business Analytics Daniel S. Putler, Robert E. Krider, 2012-05-07 Customer and Business Analytics: Applied Data Mining for Business Decision Making Using R explains and demonstrates, via the accompanying open-source software, how advanced analytical tools can address various business problems. It also gives insight into some of the challenges faced when deploying these tools. Extensively classroom-tested, the tex |
| data analysis and decision making: Data Mining and Statistics for Decision Making Stéphane Tufféry, 2011-03-23 Data mining is the process of automatically searching large volumes of data for models and patterns using computational techniques from statistics, machine learning and information theory; it is the ideal tool for such an extraction of knowledge. Data mining is usually associated with a business or an organization's need to identify trends and profiles, allowing, for example, retailers to discover patterns on which to base marketing objectives. This book looks at both classical and recent techniques of data mining, such as clustering, discriminant analysis, logistic regression, generalized linear models, regularized regression, PLS regression, decision trees, neural networks, support vector machines, Vapnik theory, naive Bayesian classifier, ensemble learning and detection of association rules. They are discussed along with illustrative examples throughout the book to explain the theory of these methods, as well as their strengths and limitations. Key Features: Presents a comprehensive introduction to all techniques used in data mining and statistical learning, from classical to latest techniques. Starts from basic principles up to advanced concepts. Includes many step-by-step examples with the main software (R, SAS, IBM SPSS) as well as a thorough discussion and comparison of those software. Gives practical tips for data mining implementation to solve real world problems. Looks at a range of tools and applications, such as association rules, web mining and text mining, with a special focus on credit scoring. Supported by an accompanying website hosting datasets and user analysis. Statisticians and business intelligence analysts, students as well as computer science, biology, marketing and financial risk professionals in both commercial and government organizations across all business and industry sectors will benefit from this book. |
| data analysis and decision making: Network Meta-Analysis for Decision-Making Sofia Dias, A. E. Ades, Nicky J. Welton, Jeroen P. Jansen, Alexander J. Sutton, 2018-03-19 A practical guide to network meta-analysis with examples and code In the evaluation of healthcare, rigorous methods of quantitative assessment are necessary to establish which interventions are effective and cost-effective. Often a single study will not provide the answers and it is desirable to synthesise evidence from multiple sources, usually randomised controlled trials. This book takes an approach to evidence synthesis that is specifically intended for decision making when there are two or more treatment alternatives being evaluated, and assumes that the purpose of every synthesis is to answer the question for this pre-identified population of patients, which treatment is 'best'? A comprehensive, coherent framework for network meta-analysis (mixed treatment comparisons) is adopted and estimated using Bayesian Markov Chain Monte Carlo methods implemented in the freely available software WinBUGS. Each chapter contains worked examples, exercises, solutions and code that may be adapted by readers to apply to their own analyses. This book can be used as an introduction to evidence synthesis and network meta-analysis, its key properties and policy implications. Examples and advanced methods are also presented for the more experienced reader. Methods used throughout this book can be applied consistently: model critique and checking for evidence consistency are emphasised. Methods are based on technical support documents produced for NICE Decision Support Unit, which support the NICE Methods of Technology Appraisal. Code presented is also the basis for the code used by the ISPOR Task Force on Indirect Comparisons. Includes extensive carefully worked examples, with thorough explanations of how to set out data for use in WinBUGS and how to interpret the output. Network Meta-Analysis for Decision Making will be of interest to decision makers, medical statisticians, health economists, and anyone involved in Health Technology Assessment including the pharmaceutical industry. |
| data analysis and decision making: Schools and Data Theodore B. Creighton, 2006-07-06 Praise for the First Edition: Creighton′s descriptions of the applicability and helpfulness of statistics for educators is especially strong. His use of plain language and school-based examples is crucial. -Scott McLeod, Assistant Professor University of Cincinnati Improve instructional leadership practice with proven, easy-to-understand strategies for data-based decision making! Since the first edition of Schools and Data, the No Child Left Behind Act has swept the country, and data-based decision making is no longer an option for educators. Today′s educational climate makes it imperative for all schools to collect data and use statistical analysis to help create clear goals and recognize strategies for improvement. Schools and Data, Second Edition, focuses on the relevance of statistics in the lives of principals and teachers. Real-life examples and step-by-step procedures for collecting and organizing data provide every school leader with the means to facilitate more appropriate and effective decision making. With a highly practical method for statistical analysis, this comprehensive yet reader-friendly new edition places special emphasis on: Connecting statistics and educators′ daily work Integrating applied technology, including Excel and SPSS software Strengthening educators′ data interpretation skills Building strong skills in problem analysis, program evaluation, data-driven decision making, and report preparation Increasing the focus on correlation and regression Packed with easy-to-follow instructions, illustrations, and real-world examples that educators can readily understand, this is an essential resource for school leaders who want to create meaningful, data-driven decisions! *Note: The author created web site that provides information and activities paralleling the individual chapters of the second education of Schools and Data text is NO LONGER AVAILABLE. |
| data analysis and decision making: BUSINESS ANALYTICS , 2024 |
| data analysis and decision making: Statistical Analysis for Decision Makers in Healthcare, Second Edition Jeffrey C. Bauer, 2017-08-09 Americans are bombarded with statistical data each and every day, and healthcare professionals are no exception. All segments of healthcare rely on data provided by insurance companies, consultants, research firms, and the federal government to help them make a host of decisions regarding the delivery of medical services. But while these health professionals rely on data, do they really make the best use of the information? Not if they fail to understand whether the assumptions behind the formulas generating the numbers make sense. Not if they don�t understand that the world of healthcare is flooded with inaccurate, misleading, and even dangerous statistics. Statistical Analysis for Decision Makers in Healthcare: Understanding and Evaluating Critical Information in a Competitive Market, Second Edition explains the fundamental concepts of statistics, as well as their common uses and misuses. Without jargon or mathematical formulas, nationally renowned healthcare expert and author, Jeff Bauer, presents a clear verbal and visual explanation of what statistics really do. He provides a practical discussion of scientific methods and data to show why statistics should never be allowed to compensate for bad science or bad data. Relying on real-world examples, Dr. Bauer stresses a conceptual understanding that empowers readers to apply a scientifically rigorous approach to the evaluation of data. With the tools he supplies, you will learn how to dismantle statistical evidence that goes against common sense. Easy to understand, practical, and even entertaining, this is the book you wish you had when you took statistics in college � and the one you are now glad to have to defend yourself against the abundance of bad studies and misinformation that might otherwise corrupt your decisions. |
| data analysis and decision making: Data Science and Multiple Criteria Decision Making Approaches in Finance Gökhan Silahtaroğlu, Hasan Dinçer, Serhat Yüksel, 2021-05-29 This book considers and assesses essential financial issues by utilizing data science and fuzzy multiple criteria decision making (MCDM) methods. It introduces readers to a range of data science methods, and demonstrates their application in the fields of business, health, economics, finance and engineering. In addition, it provides suggestions based on the assessment results on each topic, which can help to enhance the efficiency of the financial system and the sustainability of economic development. Given its scope, the book will help readers broaden their perspective on the assessment and evaluation of financial issues using data science and MCDM approaches. |
| data analysis and decision making: Business Intelligence Carlo Vercellis, 2011-08-10 Business intelligence is a broad category of applications and technologies for gathering, providing access to, and analyzing data for the purpose of helping enterprise users make better business decisions. The term implies having a comprehensive knowledge of all factors that affect a business, such as customers, competitors, business partners, economic environment, and internal operations, therefore enabling optimal decisions to be made. Business Intelligence provides readers with an introduction and practical guide to the mathematical models and analysis methodologies vital to business intelligence. This book: Combines detailed coverage with a practical guide to the mathematical models and analysis methodologies of business intelligence. Covers all the hot topics such as data warehousing, data mining and its applications, machine learning, classification, supply optimization models, decision support systems, and analytical methods for performance evaluation. Is made accessible to readers through the careful definition and introduction of each concept, followed by the extensive use of examples and numerous real-life case studies. Explains how to utilise mathematical models and analysis models to make effective and good quality business decisions. This book is aimed at postgraduate students following data analysis and data mining courses. Researchers looking for a systematic and broad coverage of topics in operations research and mathematical models for decision-making will find this an invaluable guide. |
| data analysis and decision making: Business Statistics for Contemporary Decision Making Ignacio Castillo, Ken Black, Tiffany Bayley, 2023-05-08 Show students why business statistics is an increasingly important business skill through a student-friendly pedagogy. In this fourth Canadian edition of Business Statistics For Contemporary Decision Making authors Ken Black, Tiffany Bayley, and Ignacio Castillo uses current real-world data to equip students with the business analytics techniques and quantitative decision-making skills required to make smart decisions in today's workplace. |
| data analysis and decision making: Data Science for Business Foster Provost, Tom Fawcett, 2013-07-27 Written by renowned data science experts Foster Provost and Tom Fawcett, Data Science for Business introduces the fundamental principles of data science, and walks you through the data-analytic thinking necessary for extracting useful knowledge and business value from the data you collect. This guide also helps you understand the many data-mining techniques in use today. Based on an MBA course Provost has taught at New York University over the past ten years, Data Science for Business provides examples of real-world business problems to illustrate these principles. You’ll not only learn how to improve communication between business stakeholders and data scientists, but also how participate intelligently in your company’s data science projects. You’ll also discover how to think data-analytically, and fully appreciate how data science methods can support business decision-making. Understand how data science fits in your organization—and how you can use it for competitive advantage Treat data as a business asset that requires careful investment if you’re to gain real value Approach business problems data-analytically, using the data-mining process to gather good data in the most appropriate way Learn general concepts for actually extracting knowledge from data Apply data science principles when interviewing data science job candidates |
| data analysis and decision making: Analyzing Decision Making Jordan J. Louviere, 1988-03 This volume introduces the theory, method, and applications of one type of conjoint analysis technique. These techniques are used to study individual judgement and decision processes and forecast the chosen behavior of individuals or the populations they represent. |
| data analysis and decision making: Data Quality and its Impacts on Decision-Making Christoph Samitsch, 2014-12-01 Christoph Samitsch investigates whether decision-making efficiency is being influenced by the quality of data and information. Results of the research provide evidence that defined data quality dimensions have an effect on decision-making performance as well as the time it takes to make a decision. |
| data analysis and decision making: Prescriptive Analytics Dursun Delen, 2019-10-21 Make Better Decisions, Leverage New Opportunities, and Automate Decisioning at Scale Prescriptive analytics is more directly linked to successful decision-making than any other form of business analytics. It can help you systematically sort through your choices to optimize decisions, respond to new opportunities and risks with precision, and continually reflect new information into your decisioning process. In Prescriptive Analytics, analytics expert Dr. Dursun Delen illuminates the field’s state-of-the-art methods, offering holistic insight for both professionals and students. Delen’s end-to-end, all-inclusive approach covers optimization, simulation, multi-criteria decision-making methods, inference- and heuristic-based decisioning, and more. Balancing theory and practice, he presents intuitive conceptual illustrations, realistic example problems, and real-world case studies–all designed to deliver knowledge you can use. Discover where prescriptive analytics fits and how it improves decision-making Identify optimal solutions for achieving an objective within real-world constraints Analyze complex systems via Monte-Carlo, discrete, and continuous simulations Apply powerful multi-criteria decision-making and mature expert systems and case-based reasoning Preview emerging techniques based on deep learning and cognitive computing |
| data analysis and decision making: The Power of Experiments Michael Luca, Max H. Bazerman, 2021-03-02 How tech companies like Google, Airbnb, StubHub, and Facebook learn from experiments in our data-driven world—an excellent primer on experimental and behavioral economics Have you logged into Facebook recently? Searched for something on Google? Chosen a movie on Netflix? If so, you've probably been an unwitting participant in a variety of experiments—also known as randomized controlled trials—designed to test the impact of different online experiences. Once an esoteric tool for academic research, the randomized controlled trial has gone mainstream. No tech company worth its salt (or its share price) would dare make major changes to its platform without first running experiments to understand how they would influence user behavior. In this book, Michael Luca and Max Bazerman explain the importance of experiments for decision making in a data-driven world. Luca and Bazerman describe the central role experiments play in the tech sector, drawing lessons and best practices from the experiences of such companies as StubHub, Alibaba, and Uber. Successful experiments can save companies money—eBay, for example, discovered how to cut $50 million from its yearly advertising budget—or bring to light something previously ignored, as when Airbnb was forced to confront rampant discrimination by its hosts. Moving beyond tech, Luca and Bazerman consider experimenting for the social good—different ways that governments are using experiments to influence or “nudge” behavior ranging from voter apathy to school absenteeism. Experiments, they argue, are part of any leader's toolkit. With this book, readers can become part of “the experimental revolution.” |
| data analysis and decision making: Statistics for Business Robert Stine, Dean Foster, 2015-08-17 In Statistics for Business: Decision Making and Analysis, authors Robert Stine and Dean Foster of the University of Pennsylvania’s Wharton School, take a sophisticated approach to teaching statistics in the context of making good business decisions. The authors show students how to recognize and understand each business question, use statistical tools to do the analysis, and how to communicate their results clearly and concisely. In addition to providing cases and real data to demonstrate real business situations, this text provides resources to support understanding and engagement. A successful problem-solving framework in the 4-M Examples (Motivation, Method, Mechanics, Message) model a clear outline for solving problems, new What Do You Think questions give students an opportunity to stop and check their understanding as they read, and new learning objectives guide students through each chapter and help them to review major goals. Software Hints provide instructions for using the most up-to-date technology packages. The Second Edition also includes expanded coverage and instruction of Excel® 2010. |
| data analysis and decision making: Intelligent and Fuzzy Techniques in Big Data Analytics and Decision Making Cengiz Kahraman, Selcuk Cebi, Sezi Cevik Onar, Basar Oztaysi, A. Cagri Tolga, Irem Ucal Sari, 2019-07-05 This book includes the proceedings of the Intelligent and Fuzzy Techniques INFUS 2019 Conference, held in Istanbul, Turkey, on July 23–25, 2019. Big data analytics refers to the strategy of analyzing large volumes of data, or big data, gathered from a wide variety of sources, including social networks, videos, digital images, sensors, and sales transaction records. Big data analytics allows data scientists and various other users to evaluate large volumes of transaction data and other data sources that traditional business systems would be unable to tackle. Data-driven and knowledge-driven approaches and techniques have been widely used in intelligent decision-making, and they are increasingly attracting attention due to their importance and effectiveness in addressing uncertainty and incompleteness. INFUS 2019 focused on intelligent and fuzzy systems with applications in big data analytics and decision-making, providing an international forum that brought together those actively involved in areas of interest to data science and knowledge engineering. These proceeding feature about 150 peer-reviewed papers from countries such as China, Iran, Turkey, Malaysia, India, USA, Spain, France, Poland, Mexico, Bulgaria, Algeria, Pakistan, Australia, Lebanon, and Czech Republic. |
| data analysis and decision making: Evidence-Based Decision-Making Andrew D. Banasiewicz, 2019-03-04 Evidence-Based Decision-Making: How to Leverage Available Data and Avoid Cognitive Biases examines how a wide range of factual evidence, primarily derived from a variety of data available to organizations, can be used to improve the quality of business decision-making, by helping decision makers circumvent the various cognitive biases that adversely impact how we all think. The book is built on the following premise: During the past decade, the new ‘data world’ emerged, in which the rush to develop competencies around business analytics and data science can be characterized as nothing less than the new commercial arms race. The ever-expanding volume and variety of data are well known, as are the great advances in data processing/analytics, data visualization, and related information production-focused capabilities. Yet, comparatively little effort has been devoted to how the informational products of business analytics and data science are ‘consumed’ or used in the organizational decision-making processes, as the available evidence shows that only some of that information is used to drive some business decisions some of the time. Evidence-Based Decision-Making details an explicit process describing how the universe of available and applicable evidence, which includes organizational and other data, industry benchmarks, scientific studies, and professional experience, can be assessed, amalgamated, and funneled into an objective driver of key business decisions. Introducing key concepts in relation to data and evidence, and the history of evidence-based management, this new and extremely topical book will be essential reading for researchers and students of data analytics as well as those working in the private and public sectors, and in the voluntary sector. |
| data analysis and decision making: A Strategy for Using Multicriteria Analysis in Decision-Making Nolberto Munier, 2014-11-25 This book develops a whole strategy for decision-making, with the full participation of the decision-maker and utilizing continuous feedback. It introduces the use of the very well-known and proven methodology, linear programming, but specially adapted for this purpose. For this, it incorporates a method to include subjective concepts, as well as the possibility of working with many different and even contradictory objectives. The book is liberally populated with diverse case studies to illustrate the concepts. This practical guide will be of interest to anyone undertaking analysis and decision-making, on both simple and complex projects, and who is looking for a strategy to organize, classify, and evaluate the large amount of information required to make an informed decision. The strategy includes methods to analyze the results and extract conclusions from them. |
| data analysis and decision making: Data-Driven Decision Making and Dynamic Planning Paul Preuss, 2013-09-27 This book will help you understand how to integrate data-based decisions into the daily work of the school. It is a practical and relevant handbook for converting data into wise decision-making and planning. It will give you the skills to successfully make data-based decisions, measure student learning and program effectiveness, evaluate student progress, use data to improve instruction, integrate a Dynamic Planning process into the daily operation of your school. |
| data analysis and decision making: Transforming Teaching and Learning Through Data-Driven Decision Making Ellen B. Mandinach, Sharnell S. Jackson, 2012-04-10 Gathering data and using it to inform instruction is a requirement for many schools, yet educators are not necessarily formally trained in how to do it. This book helps bridge the gap between classroom practice and the principles of educational psychology. Teachers will find cutting-edge advances in research and theory on human learning and teaching in an easily understood and transferable format. The text's integrated model shows teachers, school leaders, and district administrators how to establish a data culture and transform quantitative and qualitative data into actionable knowledge based on: assessment; statistics; instructional and differentiated psychology; classroom management.--Publisher's description. |
Data Analysis and Decision Making - WU
analysis of data. The objective of the text is to explain the basics of descriptive and analytical statistics. The purpose of descriptive statistics is to describe observed data using graphics, …
Data Analytics and Decision Making - eCampusOntario
The digital content in this new online course, Data Analytics and Decision Making, introduces learners to fundamental concepts of data analytics and their application in decision making. …
Data Analytics and Decision Making - Connected Everything
data analytics and decision-making are Artificial Intelligence, the Industrial Internet of Things and Data Visualisation including Augmented and Virtual reality. Parallel developments in computing …
Introduction to Business Data Analytics: Organizational View
Business data analytics removes cognitive and personal biases from the decision-making process by using data as the primary input for decision-making. When performed well, businessdata …
DATA ANALYTICS FOR DECISION MAKING - docs.ie.edu
Students will learn how to critically assess the potential benefits as well as limitations of using decision models. The emphasis is not on the technicalities underlying of the models, but on the …
Data Analytics and the Imperatives for Data- Informed …
Data-Informed Decision Making, (DIDM) more recently introduced, focuses on leveraging data to generate insights to provide the contexts and evidence base for formulating decisions (let us …
Module 1 Fundamentals of Data-Driven Decision Making
Data-driven Decision Making • Effective and informed decisions are based on the analysis of data and information. • Using valid and relevant data helps place the “problem” in the right context. • …
Data Analysis and its Importance - IRJAES
The concept of Data Analysis — large pools of data that can be brought together and analyzed to discuss patterns and make better decisions — will become the basis of competition and growth …
From insights to impact: leveraging data analytics for data …
Thus, this paper aims to investigate the major implications of digital transforma-tion and big data in Pakistan’s banking sector, including invest-ment in data analytics and data-driven...
The Challenges and Opportunities of Data-Driven Decision …
Data-driven decision-making is a systematic approach that involves using data and analysis to guide business and organizational decisions. It emphasizes the importance of leveraging …
An Intelligent Approach for Data Analysis and Decision …
models, retail analytics, and the use of sentiment analysis to improve business decision making. By conducting this research, we apply an intelligent approach based on Machine learning (ML) …
Guide to Data-Driven Decision Making - Administration for …
Chapters 3–5 cover the steps for implementing DDDM: collecting and analyzing data; communicating results; and refining processes, organizations, or systems. The guide features …
BIG DATA ANALYTICS IN DECISION MAKING - ijcrt.org
Abstract: Big data's role in decision-making has transformed industries and disciplines in recent years. This comprehensive review paper aims to provide an overview of the current landscape …
Business Data Analytics: A Decision-Making Paradigm
Dec 30, 2019 · “a practice by which a specific set of techniques, competencies, and procedures are applied to perform continuous exploration, iteration, and investigation of past and current …
Business analytics and decision science: A review of …
Business analytics and decision science have emerged as pivotal domains in enhancing strategic business decision-making processes. This review delves into various techniques that …
Data Analytics for Decision Making - Daniels College of Business
In this three-day workshop, you will explore how companies organize around data and analytics, studying how leaders use data to make decisions. The course also provides a focus on analytic …
DATA ANALYSIS AND DECISION MAKING - I - NPTEL
In general Decision Analysis and Decision Making (DADM) covers three main areas which are: Multivariate Statistical Analysis with its applications, Other Decision Making Models like DEA, …
The Role of Big Data Analytics in Corporate Decision-making
Abstract: Big Data Analytics results can play a major role in corporate decision-making allowing companies to achieve competitive advantage and make improved decisions. This paper …
Business Data Analytics: A Decision-Making Paradigm
Dec 11, 2019 · “a practice by which a specific set of techniques, competencies, and procedures are applied to perform continuous exploration, iteration, and investigation of past and current …
Data Analysis and Decision Making - WU
analysis of data. The objective of the text is to explain the basics of descriptive and analytical statistics. The purpose of descriptive statistics is to describe observed data using graphics, …
Data Analytics and Decision Making - eCampusOntario
The digital content in this new online course, Data Analytics and Decision Making, introduces learners to fundamental concepts of data analytics and their application in decision making. …
Data Analytics and Decision Making - Connected Everything
data analytics and decision-making are Artificial Intelligence, the Industrial Internet of Things and Data Visualisation including Augmented and Virtual reality. Parallel developments in …
Statistics Course Number: 22:960:575 Course Title: Data …
Data Analysis & Decision Making aims to introduce the fundamentals of data models tools and methods and related topics. Students will learn how to use mathematical and software tools to …
Introduction to Business Data Analytics: Organizational View
Business data analytics removes cognitive and personal biases from the decision-making process by using data as the primary input for decision-making. When performed well, businessdata …
Data Analytics and the Imperatives for Data- Informed …
Data-Informed Decision Making, (DIDM) more recently introduced, focuses on leveraging data to generate insights to provide the contexts and evidence base for formulating decisions (let us …
DATA ANALYTICS FOR DECISION MAKING - docs.ie.edu
Students will learn how to critically assess the potential benefits as well as limitations of using decision models. The emphasis is not on the technicalities underlying of the models, but on …
The Importance of Data-Based Decision Making - SAGE …
Why is data-driven decision making so crucial for school improve-ment? Why are leaders turning to data to help drive their leadership? In this chapter we present the major reasons for …
Module 1 Fundamentals of Data-Driven Decision Making
Data-driven Decision Making • Effective and informed decisions are based on the analysis of data and information. • Using valid and relevant data helps place the “problem” in the right context. …
From insights to impact: leveraging data analytics for data …
Thus, this paper aims to investigate the major implications of digital transforma-tion and big data in Pakistan’s banking sector, including invest-ment in data analytics and data-driven...
The Challenges and Opportunities of Data-Driven Decision …
Data-driven decision-making is a systematic approach that involves using data and analysis to guide business and organizational decisions. It emphasizes the importance of leveraging …
Guide to Data-Driven Decision Making - Administration for …
Chapters 3–5 cover the steps for implementing DDDM: collecting and analyzing data; communicating results; and refining processes, organizations, or systems. The guide features …
Data Analysis and its Importance - IRJAES
The concept of Data Analysis — large pools of data that can be brought together and analyzed to discuss patterns and make better decisions — will become the basis of competition and …
Data Analytics for Decision Making - Daniels College of …
In this three-day workshop, you will explore how companies organize around data and analytics, studying how leaders use data to make decisions. The course also provides a focus on …
Business analytics and decision science: A review of …
Business analytics and decision science have emerged as pivotal domains in enhancing strategic business decision-making processes. This review delves into various techniques that …
International Institute of Business Analysis, Toronto, Ontario, …
Business data analytics removes cognitive and personal biases from the decision-making process by using data as the primary input for decision-making. When performed well, businessdata …
An Intelligent Approach for Data Analysis and Decision …
models, retail analytics, and the use of sentiment analysis to improve business decision making. By conducting this research, we apply an intelligent approach based on Machine learning (ML) …
The Role of Big Data Analytics in Corporate Decision-making
Abstract: Big Data Analytics results can play a major role in corporate decision-making allowing companies to achieve competitive advantage and make improved decisions. This paper …
Business Data Analytics: A Decision-Making Paradigm
Dec 11, 2019 · “a practice by which a specific set of techniques, competencies, and procedures are applied to perform continuous exploration, iteration, and investigation of past and current …
Business Data Analytics: A Decision-Making Paradigm
Dec 30, 2019 · “a practice by which a specific set of techniques, competencies, and procedures are applied to perform continuous exploration, iteration, and investigation of past and current …
