Module 5 Real-World Data-Driven Decisions Flashcards
What is Big Data?
Very large data sets
Used to count ALL of the existing cases in a disease.
Prevalence
Used to count only the NEW cases of a disease.
Incidence (Incident rate)
Compare individual’s performance to a standard score (Example: Cut Score 64%)
Criterion referenced
Used to analyze if funding is worth the outcome of a project
Cost-benefit analysis
Model of designing, analyzing, and scoring tests
IRT: Item Response Theory
How does the government differ than private sector cost-benefit analysis?
Government benefits aren’t always money. Could be flood prevention or welfare.
Compares one individual’s performance to other individuals
Norm Referenced
Compare individual’s performance to a standard score (Example: Cut Score 64%)
Criterion referenced
Management strategy that uses results as the central measurement of performance
RBM: Results Based Management