Online Quiz Mngt Scie

Is the process of making predictions about future events, trends, or outcomes based on historical data, analysis, and models.

• Forecasting

• Decision Support

• Gamification

• Prediction

It involves analyzing vast amounts of raw data to identify meaningful patterns and correlations, which can then be used for decision-making, predictions, and gaining insights.

• Data Mining

• Machine Learning

• Data Warehousing

• Prediction

It helps in understanding situations where individuals or groups make choices that affect one another, often in competitive or cooperative settings.

• Data Mining

• Machine Learning

• Data Warehousing

• Game Theory

Is a systematic, quantitative, and visual approach to making decisions, especially in situations where there is uncertainty or complexity.

• Decision Analysis

• Decision Making

• Decision Analyst

• Data Analysis

A complete plan of action a player will follow in any given situation within the game. Players choose strategies based on how they believe others will act.

• Strategies

• Strategy

• Game theory

• Game Practice

Cleaning, transforming, and organizing the data to ensure it's in a suitable format for analysis. This step involves handling missing data, removing duplicates, and transforming the data into a more usable form.

• Data Preprocessing

• Data Cleaning

• Data Preparation

• Data Analytics

Based on expert opinions, market research, or intuition, and is used when historical data is not available.

• Qualitative Forecasting

• Quantitative Forecasting

• Forecasting

• Research

Using algorithms to uncover patterns and relationships in the data. This is the core of data mining and can include techniques.

• Pattern Discovery

• Data Collection

• Data Process

• Research Techniques

Game theory in management is a tool used to understand how people or companies make ________________ when they affect each other.

• decisions

• patterns

• solutions

• decide

Refers to the possibility that the actual outcome of a decision will differ from the expected one.

• decisions

• patterns

• solutions

• Risk