18.1.2 - How Data Science Enhances Decision-Making
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Practice Questions
Test your understanding with targeted questions
What does evidence-based choice mean?
💡 Hint: Think about making choices grounded in facts.
What is one advantage of prediction in business?
💡 Hint: Consider how forecasting impacts operations.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary benefit of evidence-based decision-making?
💡 Hint: Think about how facts relate to personal biases.
True or False: Optimization is solely focused on cutting costs.
💡 Hint: Consider benefits beyond just costs.
1 more question available
Challenge Problems
Push your limits with advanced challenges
A company wants to reduce operational costs by implementing a new optimization model. How would you suggest they measure the success of this implementation?
💡 Hint: Consider different KPIs that relate to operations and customer feedback.
Discuss a real-world scenario where prediction and forecasting could lead to significant business changes. How might it affect decision-making?
💡 Hint: Evaluate a company you know that relies heavily on forecasting.
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