C207 Keywords Flashcards
Regression “R”
Note: 6 Keywords
Relationship, Correlation, R-Squared, Scattet Plot, Predit, Trend
R-Squared
Goodness of Fit ranges from 0 Weak to 1 Strong Fit
Logistic Regression
The dependent variable is binary (yes/no or on/off)
Linear Programming
Note: 4 Keywords
Uses Constraints. Keywords: Mix, Minimize, Maximize, Optimize
Chi-Squared
Differences in Counts/frequency of Categorical Data
2-Sample T-Test
Significant Difference in the average it 2 data sets that measure the same thing; use a bar chart
ANOVA
Average of 3 or more data sets (another column) that measure the same thing; use bar chart
Crossover
Options and Volume
If p-value is…
Less than 0.05, then significant
Perato Chart
Highest to Lowest
Cluster Chart
Natural groupings or cluster
Balance Scorecard
FLIC = Financial, Learning, Internal, Customer
Decision Tree
Risk & Option
Decision Tree
Risk & Option
Simple Index
Assesses 1 thing over time
Simple Index
Assesses 1 thing over time
Simple Composite Index
Composes or puts together data from many different sources with no weighing
Weight Composite Index
Composed or put together data from many different sources and applies a weight to some of the data
Seasonality
Regular pattern that repeats within a year at specific time, like events for holidays.
Cyclicality
Irregular pattern of fluctuation that occurs longer than a year, like recessions
Trend
Increasing or decreasing pattern over long time where something develops or changes.
