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
2
Q
Empirical data
A
‘real’ data
- historical of real time, not future predictions
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
4
Q
Independent variable
A
explain the change in the dependent variable
5
Q
Dependent variable
A
this variable is changed/influenced by the independent variable
6
Q
Moderating variable
A
this variable changes the strength of a relationship between two variables
7
Q
Mediating variable
A
this variable ‘transfers’ the effect of one variable to another
8
Q
Evaluating information sources
A
- Purpose
- Scope
- Authority
- Audience
- Format
9
Q
Process of decision science
A
- Problem definition and analysis
- Model formulation
- Define a solution procedure
- Run and analyze the model
- Present your conclusions