C207 Keywords

Question 1

Regression “R”
Note: 6 Keywords

Answer 1

Relationship, Correlation, R-Squared, Scattet Plot, Predit, Trend

Question 2

R-Squared

Answer 2

Goodness of Fit ranges from 0 Weak to 1 Strong Fit

Question 3

Logistic Regression

Answer 3

The dependent variable is binary (yes/no or on/off)

Question 4

Linear Programming
Note: 4 Keywords

Answer 4

Uses Constraints. Keywords: Mix, Minimize, Maximize, Optimize

Question 5

Chi-Squared

Answer 5

Differences in Counts/frequency of Categorical Data

Question 6

2-Sample T-Test

Answer 6

Significant Difference in the average it 2 data sets that measure the same thing; use a bar chart

Question 7

ANOVA

Answer 7

Average of 3 or more data sets (another column) that measure the same thing; use bar chart

Question 8

Crossover

Answer 8

Options and Volume

Question 9

If p-value is…

Answer 9

Less than 0.05, then significant

Question 10

Perato Chart

Answer 10

Highest to Lowest

Question 11

Cluster Chart

Answer 11

Natural groupings or cluster

Question 12

Balance Scorecard

Answer 12

FLIC = Financial, Learning, Internal, Customer

Question 13

Decision Tree

Answer 13

Risk & Option

Question 14

Decision Tree

Answer 14

Risk & Option

Question 15

Simple Index

Answer 15

Assesses 1 thing over time

Question 16

Simple Index

Answer 16

Assesses 1 thing over time

Question 17

Simple Composite Index

Answer 17

Composes or puts together data from many different sources with no weighing

Question 18

Weight Composite Index

Answer 18

Composed or put together data from many different sources and applies a weight to some of the data

Question 19

Seasonality

Answer 19

Regular pattern that repeats within a year at specific time, like events for holidays.

Question 20

Cyclicality

Answer 20

Irregular pattern of fluctuation that occurs longer than a year, like recessions

Question 21

Trend

Answer 21

Increasing or decreasing pattern over long time where something develops or changes.