The Authors of the Business Analytics: Data Analysis & Decision

question 19

True/False

The authors of the Business Analytics: Data Analysis & Decision Making text describe three types of models: graphical models, algebraic models, and spreadsheet models.

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Definitions:

Selective Screening

The cognitive process through which people filter and focus on important informational cues while ignoring other less relevant data.

External Environment

Factors outside an organization that can affect its performance and strategies, including economic, social, political, and technological influences.

Reality

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.

Learning

The process of acquiring knowledge or skills through study, experience, or teaching, leading to a change in behavior or understanding.