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A Decision Support System (DSS)involves the Planning,collection,and Analysis of Data

question 68

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A decision support system (DSS)involves the planning,collection,and analysis of data relevant to marketing decision making and the communication of the results of this analysis to management.


Definitions:

Nominal Variables

Categorical variables that represent different categories or types which do not have a natural order or ranking among them.

Relationship

The method of connection between two or more concepts, objects, or individuals, or the existence of such a connection.

Degrees Of Freedom

The count of distinct values or measures that can be attributed to a statistical distribution while adhering to all restrictions.

Parameters Estimated

Quantitative values derived from statistical modeling used to represent characteristics of a population based on sample data.

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