Converting Continuous Valued Numerical Variables to Ranges and Categories Is

question 21

True/False

Converting continuous valued numerical variables to ranges and categories is referred to as discretization.

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Definitions:

Financial Performance

A measure of a firm's fiscal health and stability, often assessed through metrics like profitability, revenue, and cash flow.

Managerial Control

The mechanisms and processes that allow managers to monitor and regulate organizational activities and performance to achieve goals.

AOA Diagram

Activity on Arrow diagram, a network diagram used in project management to show the activities of a project on arrows and their dependencies.

CPM/PERT Analysis

Project management tools that help in planning, scheduling, and controlling complex projects, standing for Critical Path Method and Program Evaluation and Review Technique, respectively.