The Criteria Used for Evaluation in a Scoring Model Are

question 30

Multiple Choice

The criteria used for evaluation in a scoring model are usually determined by

• A)lengthy discussions among the decision-making group.
• B)portfolio analysis.
• C)the IS steering committee.
• D)systems analysts.
• E)project managers.

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Definitions:

Predicted Value

The estimated outcome based on a statistical model or regression analysis.

Least Squares Regression Line

This is a straight line that best fits the data on a scatter plot, minimizing the sum of the squares of the vertical distances of the points from the line.

Sales

The transactions or processes involved in the selling of goods or services to customers, often measured to gauge business performance.

Experience

Relates to the knowledge or skill acquired by a person over time through involvement in or exposure to events, practices, or activities.