Question: The Modeling Process [ WLOs: 1 , 2 , 4 , 5 ] [ CLOs: 1 , 2 ] Prior to beginning work on this
The Modeling Process WLOs: CLOs:
Prior to beginning work on this discussion forum, read Chapter : Introduction to Business Analytics.
People live in a datadriven world. In personal lives, people are surrounded by websites offering weather or airfare predictions, and in professional lives, people deal with revenue projections and metrics analysis. Data analysis is mostly driven by the desire to solve a problem or problems.
In your initial post,
Share a reallife problem when you have applied or would like to apply the SevenStep Modeling Process Download SevenStep Modeling Process.
Is this problem structured, semistructured, or unstructured?
Explain your decisionmaking process.
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