Week 4 Flashcards

1
Q

Simulated data

A

create a model that can be manipulated logically to determine how the ‘real’ physical world operates
- Fast and cheap

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2
Q

Empirical data

A

‘real’ data
- historical of real time, not future predictions

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3
Q

Risks methodological quality in decision science

A
  • Misunderstanding the problem > wrong model
  • Quality data input is poor
  • Solution is completely not optimal
  • Solution is unstable
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4
Q

Independent variable

A

explain the change in the dependent variable

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5
Q

Dependent variable

A

this variable is changed/influenced by the independent variable

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6
Q

Moderating variable

A

this variable changes the strength of a relationship between two variables

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7
Q

Mediating variable

A

this variable ‘transfers’ the effect of one variable to another

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8
Q

Evaluating information sources

A
  • Purpose
  • Scope
  • Authority
  • Audience
  • Format
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9
Q

Process of decision science

A
  1. Problem definition and analysis
  2. Model formulation
  3. Define a solution procedure
  4. Run and analyze the model
  5. Present your conclusions
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