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Data for Decisions

Data for Decisions
Author: National Research Council (U.S.). Committee for the Study of Strategic Transportation Data Needs
Publisher: Transportation Research Board
Total Pages: 180
Release: 1992
Genre: Political Science
ISBN: 9780309051569

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TRB Special Report 234 - Data for Decisions: Requirements for National Transportation Policy Making examines data requirements necessary to support strategic transportation policy making and the institutional changes necessary to make those data available on a permanent basis. The report calls for the establishment of a statistical agency within USDOT (this recommendation became helped create the Bureau of Transportation Statistics), the development of performance indicators, and regular reporting to the Secretary and Congress on important trends in system performance.


Better Data, Better Decisions

Better Data, Better Decisions
Author: Nate Moore
Publisher: Medical Group Management Association/Center for Research in Ambulatory Health Care Administration
Total Pages: 154
Release: 2013
Genre: Medical
ISBN: 9781568294322

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Data flows into medical practices daily from practice management systems, electronic medical record (EMR) systems, accounting systems and many other sources. Too many practices extract only the bare minimum of data to file claims and meet reporting obligations, without recognizing the value in the flood of data that passes through the practice.


Data, Models, and Decisions

Data, Models, and Decisions
Author: Dimitris Bertsimas
Publisher: Ingram
Total Pages: 530
Release: 2004
Genre: Business & Economics
ISBN: 9780975914601

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Combines topics from two traditionally distinct quantitative subjects, probability/statistics and management science/optimization, in a unified treatment of quantitative methods and models for management. Stresses those fundamental concepts that are most important for the practical analysis of management decisions: modeling and evaluating uncertainty explicitly, understanding the dynamic nature of decision-making, using historical data and limited information effectively, simulating complex systems, and allocating scarce resources optimally.


Loss Models

Loss Models
Author: Stuart A. Klugman
Publisher: John Wiley & Sons
Total Pages: 758
Release: 2012-01-25
Genre: Business & Economics
ISBN: 0470391332

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An update of one of the most trusted books on constructing and analyzing actuarial models Written by three renowned authorities in the actuarial field, Loss Models, Third Edition upholds the reputation for excellence that has made this book required reading for the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) qualification examinations. This update serves as a complete presentation of statistical methods for measuring risk and building models to measure loss in real-world events. This book maintains an approach to modeling and forecasting that utilizes tools related to risk theory, loss distributions, and survival models. Random variables, basic distributional quantities, the recursive method, and techniques for classifying and creating distributions are also discussed. Both parametric and non-parametric estimation methods are thoroughly covered along with advice for choosing an appropriate model. Features of the Third Edition include: Extended discussion of risk management and risk measures, including Tail-Value-at-Risk (TVaR) New sections on extreme value distributions and their estimation Inclusion of homogeneous, nonhomogeneous, and mixed Poisson processes Expanded coverage of copula models and their estimation Additional treatment of methods for constructing confidence regions when there is more than one parameter The book continues to distinguish itself by providing over 400 exercises that have appeared on previous SOA and CAS examinations. Intriguing examples from the fields of insurance and business are discussed throughout, and all data sets are available on the book's FTP site, along with programs that assist with conducting loss model analysis. Loss Models, Third Edition is an essential resource for students and aspiring actuaries who are preparing to take the SOA and CAS preliminary examinations. It is also a must-have reference for professional actuaries, graduate students in the actuarial field, and anyone who works with loss and risk models in their everyday work. To explore our additional offerings in actuarial exam preparation visit www.wiley.com/go/actuarialexamprep.


The Big Picture: How to Use Data Visualization to Make Better Decisions—Faster

The Big Picture: How to Use Data Visualization to Make Better Decisions—Faster
Author: Steve Wexler
Publisher: McGraw Hill Professional
Total Pages: 208
Release: 2021-05-18
Genre: Business & Economics
ISBN: 1260473538

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Not a data expert? Here’s an engaging and entertaining guide to interpreting and drawing insights from any chart, graph, or other data visualization you’ll encounter. You’re a business professional, not a data scientist. How do you make heads or tails of the data visualizations that come across your desk—let alone make critical business decisions based on the information they’re designed to convey? In The Big Picture, top data visualization consultant Steve Wexler provides the tools for developing the graphical literacy you need to understand the data visualizations that are flooding your inbox—and put that data to use. Packed with the best four-color examples created in Excel, Tableau, Power BI, and Qlik, among others, this one-stop resource empowers you to extract the most important information from data visualizations quickly and accurately, act on key insights, solve problems, and make the right decisions for your organization every time.


Business Intelligence

Business Intelligence
Author: Jerzy Surma
Publisher: Business Expert Press
Total Pages: 161
Release: 2011-03-06
Genre: Business & Economics
ISBN: 1606491865

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This book is about using business intelligence as a management information system for supporting managerial decision making. It concentrates primarily on practical business issues and demonstrates how to apply data warehousing and data analytics to support business decision making. This book progresses through a logical sequence, starting with data model infrastructure, then data preparation, followed by data analysis, integration, knowledge discovery, and finally the actual use of discovered knowledge. All examples are based on the most recent achievements in business intelligence. Finally this book outlines an overview of a methodology that takes into account the complexity of developing applications in an integrated business intelligence environment. This book is written for managers, business consultants, and undergraduate and postgraduates students in business administration.


Data Driven Decisions

Data Driven Decisions
Author: Subhashish Samaddar
Publisher:
Total Pages:
Release: 2020-11-21
Genre:
ISBN: 9780999766965

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This book is intended for the students and teachers of evidence based decision making, especially when the evidences are obtained from numerical facts. It specifically covers business modeling, decision analytics, and forecasting. All planning and decision making start with some estimation of what the future holds for a business and thus, we need to forecast the future. Generally, there can be more than one forecast for most real situations based on the model one uses to forecast them. Business modeling can help us with calculating what those multiple forecasts of the future mean for the things that the business is interested in, such as profit, costs, pay off, returns etc. These are also called outcomes. Once we get the forecasts depicting the future, we can devise and assess multiple actions, and choose one of them that get the best outcome for the business. Decision analytics help us with this assessment. This book is best used for problem based learning and instruction. Problem based learning introduces the problem first for the students to work on, along with the instructor. Students learn by doing. They can practice multiple problems for practice until the underlying principles and lessons are understood and absorbed. Then the formal theories and principles are presented to make sense of what the students have already done and learned. This can also be called reversed learning because it reverses the process of the traditional learning method of theory first and problem solving later. The first of the book provides the problem and the second half of the book provides brief theories and principles, and solutions of the problems.


Data Driven Business Decisions

Data Driven Business Decisions
Author: Chris J. Lloyd
Publisher: John Wiley & Sons
Total Pages: 512
Release: 2011-10-25
Genre: Business & Economics
ISBN: 0470619600

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A hands-on guide to the use of quantitative methods and software for making successful business decisions The appropriate use of quantitative methods lies at the core of successful decisions made by managers, researchers, and students in the field of business. Providing a framework for the development of sound judgment and the ability to utilize quantitative and qualitative approaches, Data Driven Business Decisions introduces readers to the important role that data plays in understanding business outcomes, addressing four general areas that managers need to know about: data handling and Microsoft Excel®, uncertainty, the relationship between inputs and outputs, and complex decisions with trade-offs and uncertainty. Grounded in the author's own classroom approach to business statistics, the book reveals how to use data to understand the drivers of business outcomes, which in turn allows for data-driven business decisions. A basic, non-mathematical foundation in statistics is provided, outlining for readers the tools needed to link data with business decisions; account for uncertainty in the actions of others and in patterns revealed by data; handle data in Excel®; translate their analysis into simple business terms; and present results in simple tables and charts. The author discusses key data analytic frameworks, such as decision trees and multiple regression, and also explores additional topics, including: Use of the Excel® functions Solver and Goal Seek Partial correlation and auto-correlation Interactions and proportional variation in regression models Seasonal adjustment and what it reveals Basic portfolio theory as an introduction to correlations Chapters are introduced with case studies that integrate simple ideas into the larger business context, and are followed by further details, raw data, and motivating insights. Algebraic notation is used only when necessary, and throughout the book, the author utilizes real-world examples from diverse areas such as market surveys, finance, economics, and business ethics. Excel® add-ins StatproGo and TreePlan are showcased to demonstrate execution of the techniques, and a related website features extensive programming instructions as well as insights, data sets, and solutions to problems included in the material. Data Driven Business Decisions is an excellent book for MBA quantitative analysis courses or undergraduate general statistics courses. It also serves as a valuable reference for practicing MBAs and practitioners in the fields of statistics, business, and finance.


Data Science for Business and Decision Making

Data Science for Business and Decision Making
Author: Luiz Paulo Fávero
Publisher: Academic Press
Total Pages: 1240
Release: 2019-04-11
Genre: Business & Economics
ISBN: 0128112174

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Data Science for Business and Decision Making covers both statistics and operations research while most competing textbooks focus on one or the other. As a result, the book more clearly defines the principles of business analytics for those who want to apply quantitative methods in their work. Its emphasis reflects the importance of regression, optimization and simulation for practitioners of business analytics. Each chapter uses a didactic format that is followed by exercises and answers. Freely-accessible datasets enable students and professionals to work with Excel, Stata Statistical Software®, and IBM SPSS Statistics Software®. Combines statistics and operations research modeling to teach the principles of business analytics Written for students who want to apply statistics, optimization and multivariate modeling to gain competitive advantages in business Shows how powerful software packages, such as SPSS and Stata, can create graphical and numerical outputs


Using Web and Paper Questionnaires for Data-Based Decision Making

Using Web and Paper Questionnaires for Data-Based Decision Making
Author: Susan J. Thomas
Publisher: Corwin Press
Total Pages: 217
Release: 2004-03-06
Genre: Education
ISBN: 0761938834

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Excerpt: ...tribe. He had faculties. He had also various idiosyncrasies. He was undeniably the best hunter and trapper and trainer of dogs to sledge, as well as the most expert upon snowshoes of all the Indians living upon the point, and he was, furthermore, one of the dirtiest of them and the biggest drunkard whenever opportunity afforded. Fortunately for him and for his squaw, Bigbeam, as she had been facetiously named by an agent of the company, the opportunities for getting drunk were rare, for the company is conservative in the distribution of that which makes bad hunters. Given an abundance of firewater and tobacco, Red Dog was the happiest Indian between the northern boundary of the United States and Lake Gary; deprived of them both he hunted vigorously, thinking all the while of the coming hour when, after a long journey and much travail, he should be in what was his idea of heaven again. To-day, though, the rifle bought from the company stood idle beside the ridge-pole, the sledge dogs snarled and fought upon the snow outside, and Bigbeam, squat and broad as became her name, looked askance at her lord as she prepared the moose meat, uncertain of his temper, for his face was cloudy. Red Dog was, in fact, perplexed, and was planning deeply. Good reason was there for Red Dog's thought. Events of the immediate future were of moment to him and all his fellows, among whom, though no chief was formally acknowledged, he was recognized as leader; for had he not at one time been with the company as a hired hunter? Had he not once gone with a fur-carrying party even to Hudson's Bay, and thence to the far south and even to Quebec? And did he not know the ways of the company, and could not he talk a French patois which enabled him to be understood at the stations? Now, as fitting representative of himself and of his clan, a great responsibility had come upon him, and he was lost in as anxious thought as could come to a biped of his quality. Like a more or less...