Analytical Problem Solving Based on Causal, Correlational and Deductive Models
Many approaches for solving problems in business and industry are based on analytics and statistical modeling. Analytical problem solving is driven by the modeling of relationships between dependent (Y) and independent (X) variables, and we discuss three frameworks for modeling such relationships: cause-and-effect modeling, popular in applied statistics and beyond, correlational predictive modeling, popular in …
Analytical Problem Solving Based on Causal, Correlational and Deductive Models Lees verder »