BIZ - Analytical Aptitude Flashcards
Subjective evaluation of actions, feelings, or behaviors.
Qualitative data
Data-sorting technique in which group members add related ideas and indicate logical connections, eventually grouping similar ideas.
Mind mapping
Raw average of data that gives equal weight to all values, with no regard for other factors.
Unweighted mean
Extent to which a measurement instrument provides consistent results.
Reliability
Statistical method used to determine whether a relationship exists between variables and the strength of the relationship.
Regression analysis
Statistical method used to test the possible effects of altering the details of a strategy to see if the likely outcome can be improved.
Scenario/what-if analysis
Extent to which a measurement instrument measures what it is intended to measure.
Validity
Technique that progressively collects information from a group of anonymous respondents.
Delphi technique
Type of analysis that starts with a result and then works backward to identify fundamental cause.
Root-cause analysis
Average score or value.
Mean
Small group of invited persons (typically six to twelve) who actively participate in a structured discussion, led by a facilitator, for the purpose of eliciting their input.
Focus group
Average of data that adds factors to reflect the importance of different values.
Weighted mean
Technique in which participants each suggest ideas through a series of rounds and then discuss the items, eliminate redundancies and irrelevancies, and agree on the importance of the remaining items.
Nominal group technique (NGT)
Comparing the sizes of two variables to produce an index or percentage; commonly used to analyze financial statements.
Ratio analysis
Data-sorting technique in which a group categorizes and subcategorizes data until relationships are clearly drawn.
Affinity diagramming
