strategies for decision-making Flashcards
the information must be _ to reach a selection decision
combined
predictions of _ (2) were significantly less _ than predictions made using more _, mechanical means
human behaviour, accurate, formal
avoid using _ in combining data
judgment
use selection procedures that _ the role of _ judgement
minimize, decision-maker
_ (2) shows the _ (3) between two or more predictors and a criterion
multiple regression, maximum linear association
multiple regression has 2 assumptions:
- predictors are _ related to the criterion
- predictors are _ and can _ for one another
linearly, additive, compensate
advantages of multiple regression:
- _ errors in prediction
- _, and can be _ to handle other forms of data
minimizes, flexible, modified
disadvantages of multiple regression:
- if a _ (3) is used to determine regression weights, _ (2) of weights may _, making _ essential
- requires preliminary _ to prevent costs from the large applicant pool
small sample size, standard errors, increase, cross-validation, screening
top-down selection: applicants’ scores are _ from highest to lowest, may result in _ (2)
rank-ordered, adverse impact
cutoff scores: applicants scoring _ the cutoff score are _, _ plays a role in choosing the method for setting the cutoff score
below, rejected, judgment
_ cutoff scores: all predictors are scored on a _ basis, applicants are rejected if any one of their predictor scores falls _ a minimum cutoff score
multiple, pass-fail, below
multiple cutoff scores method assumes predictors are not _
compensatory
advantages of multiple cutoff scores:
- _ the applicant pool into a smaller subset who are all _ (2)
- _ to explain to managers
narrows, minimally qualified, easy
disadvantages of multiple cutoff scores:
- have to use _ predictors, may be _ if a large pool
- only identifies applicants _ (2), no way to _ them
all, costly, minimally qualified, rank-order
multiple hurdles: each applicant must _ (2) cutoff or hurdle for each predictor before going to the next, if not, they are dropped from _ (2)
meet minimum, further consideration