Data Used in Business Analytics Need to Be Reliable and Valid

question 34

Essay

Data used in business analytics need to be reliable and valid. Explain.

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Definitions:

Goal Specificity

The extent to which goals are detailed, clear, and unambiguous, often linked to better performance due to its role in directing and motivating specific actions.

Mechanisms

The structures or processes that produce a particular outcome or effect.

Expectancy Theory

A psychological theory that describes the process by which individuals decide on behavioral options, based on their expectations of the reward's value and the likelihood their efforts will lead to expected performance.

Instrumentality

The belief that a certain amount of effort will lead to the desired performance and outcome.