mod 2 Flashcards
Data Preparation
Data must be edited before analysis to ensure consistency and identify errors. Assigning alphanumeric codes to data units categorizes responses for easier storage and processing.
data characteristics
accuracy, completeness, reliability, relevance, and timeliness
How to address out-of-range data entry errors
editing
Stakeholder chart: meet their needs
top left
Engage and consult
increase/maintain level of interest
the aim is to move them to the right
could be a risk to your idea
Stakeholder chart: Key player
top right
Manage closely
involve in projects and decisions
engage on a regular basis and work to maintain relationships
Stakeholder chart: keep informed
bottom right
make use of interest through investment
consult on area of interest
can be a supporter/ambassador
Stakeholder chart: low priority
bottom left
monitor
communicate generally to keep updated
aim to move to the right
Anchoring
info we see first feels more important
Status quo
prefer for things to stay the same even if there are better alternatives
sunk cost
make decisions that justify past decisions even when no longer valid.
confirming evidence
seek info that supports our existing POV and reject anything else
framing
The way we describe a problem affects our decisions. We misstate a problem by defining a choice as a gain or a loss, even when its really neither one.
overconfidence
trust our own estimates too much
prudence
using caution when we try to predict uncertain events
recallability
overly influenced by our past experiences.
