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What Types of BI Decisions Include Forecasting Claim Amounts and Medical

question 12

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What types of BI decisions include forecasting claim amounts and medical coverage costs, classifying the most important elements that affect medical coverage; predicting which customers will buy new insurance policies?


Definitions:

Falsifiability

The capability of a hypothesis or theory to be proven false, a critical principle for scientific validity.

Parsimony

In science and philosophy, the principle that the simplest explanation of an event or observation is preferred over a more complex explanation.

Demand Characteristics

Demand characteristics refer to subtle cues or signals in a study that communicate to participants how they are expected to behave.

Placebo Effects

The beneficial effects of a treatment that arise from the patient's expectations rather than from the treatment itself.

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