Question: Define modeling from the analytics perspective
Define modeling from the analytics perspective.
Answer to relevant QuestionsHow can analytics aid in objective decision making?Survey the literature from the past six months to find one application each of DSS, BI, and analytics. Summarize the applications on one page and submit it with the exact sources1. What are the desired functionalities of a reporting tool?2. What advantages were derived by using a reporting tool in this case?Identify similarities and differences between individual and group decision making.Some “errors” in decision making can be attributed to the notion of decision making from the gut. Explain what is meant by this and how such errors can happen.
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