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Explain your decision-making process

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The Modeling Process

We live in the data-driven world.

In our personal lives, we are surrounded by websites offering weather or airfare predictions, and in our professional lives we deal with revenue projections and metrics analysis.

Data analysis in the real world is mostly driven by the desire to solve problem(s).

In your initial post, share a real-life problem where you have applied (or would like to apply) the seven-step modeling process. Is this problem structured, semi-structured, or unstructured? Explain your decision-making process.

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The assignment is based on seven step modelling process and it is explained with real life example showing each steps and also described the problem in structured way that would easily help to understand how the seven step modelling process would work.

Reference no: EM131312726

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inf1312726

12/22/2016 5:23:44 AM

Many thanks to you such a great amount for your work on this paper - it is flawlessly and articulately composed and really communicates my very own perspectives on the theme. I can't let you know the amount I welcome the time you took to execute that paper and also you did. All the best to you.

inf1312726

12/22/2016 5:23:25 AM

Required Resources Text Albright, S. C, & Winston, W. L. (2017). Business Analytics: Data Analysis and Decision Making (6th ed.). Boston, MA: Chapter 1: Introduction to Business Analytics Chapter 2: Describing the Distribution of a Single Variable Chapter 3: Finding Relationships among Variables

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