Frequently Asked Questions about Decision Support Systems by Dan Power
22 results for "prediction"
| Question | Category | Date |
|---|---|---|
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What is the impact of a prediction on decision-making behavior?
by Daniel Power Editor, DSSResources.com There is a 90% likelihood that you will die from your cancer in 5 years. Evidence suggests a major eart... |
DSS Foundations | Jul 31, 2016 |
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What are challenges for predictive analytics?
Daniel J. Power Editor, DSSResources.COM Prediction is a difficult task and a challenge in many situations. The assumption of current prediction t... |
DSS Foundations | Apr 07, 2019 |
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What is machine learning?
by Daniel J. Power Editor, DSSResources.COM "A computing machine learns to make and improve its predictions by performing calculations from data a... |
DSS Foundations | Apr 01, 2017 |
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What is the best data analytics approach?
by Ciara Heavin and Daniel J. Power Selecting the most appropriate data analytics approach and tools for a specific task or project can be very c... |
DSS Foundations | Sep 18, 2017 |
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What are critical success factors for using advanced analytics?
by Daniel J. Power Editor, DSSResources.COM Presence of critical success factors (CSF) influence the performance of a task, project or organizati... |
DSS Foundations | Dec 21, 2013 |
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What is the distilled "wisdom" about decision support?
by Daniel J. Power Editor, DSSResources.COM Wisdom is a virtue. Decision support has a short history, but we have learned much about helping peop... |
DSS Foundations | Apr 26, 2014 |
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What is big data analytics?
by Daniel J. Power Editor, DSSResources.COM Big data analytics combines buzz words and is a buzz phrase. The basic idea of this new business jarg... |
DSS Foundations | Jul 15, 2018 |
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What are the features of a knowledge-driven DSS?
by Dan Power Editor, DSSResources.com This is installment #4 about features of computerized decision support systems. The focus is on knowledge-... |
Knowledge-driven DSS | Aug 09, 2008 |
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Are decision markets a useful decision support tool?
by Dan Power Editor, DSSResources.COM YES, decision markets are useful for appropriate prediction tasks. Some Ask Dan! columns are more time sens... |
Model-driven DSS | Dec 29, 2015 |
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What is analytics?
by Dan Power Editor, DSSResources.COM Analytics refers to quantitative and statistical analysis of data. Analytic capabilities are important in... |
DSS Foundations | Oct 07, 2020 |
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What is big data?
by Daniel J. Power Editor, DSSResources.COM Big data is an overused and somewhat confusing phrase. Big data is characterized by high volume, low... |
DSS Foundations | Jul 02, 2018 |
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How do predictive analytics support decision making?
by Dan Power Editor, DSSResources.com Predictive analytics is a general term for using simple and complex models to support anticipatory decisio... |
Building DSS | Jul 30, 2012 |
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How does a DSS differ from an MIS?
by Dan Power Editor, DSSResources.com Some Decision Support Systems (DSS) are Management Information Systems (MIS), but DSS serve purposes other ... |
DSS Foundations | Sep 28, 2009 |
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What is evidence?
by Daniel J. Power Editor, DSSResources.COM Evidence is an abstract idea that plays a significant role in human thinking and decision making. The... |
DSS Foundations | Apr 16, 2018 |
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What factors influence corporate acquisition decision-making success?
Daniel J. Power Editor, DSSResources.COM In 2017 in the United States, there were a record number of merger and acquisition transactions with 15,1... |
DSS Foundations | May 01, 2019 |
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Can DSS improve state government tax revenue projections?
In the United States, state governments forecast tax revenues, prepare spending budgets based on the forecast, and then track and monitor tax receipts... |
DSS Applications | Aug 07, 2005 |
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How can simulation be used for decision support?
Questions about using simulation for building a DSS are reasonably frequent in my Ask Dan! email. So this column has been in the works for some time, ... |
Model-driven DSS | Aug 06, 2005 |
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What is a cost estimation DSS?
by Dan Power Editor, DSSResources.com In many industries, bids are submitted in response to requests for proposals (RFPs). Preparing a bid for a ... |
DSS Applications | May 13, 2017 |
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Can 'Big Brother' watch us?
by Dan Power Editor, DSSResources.com "Big Brother" is a familiar metaphor that conjures up visions of political surveillance, political control... |
DSS Foundations | May 30, 2016 |
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What should managers know about predictive analytics and model-driven decision support?
by Dan Power Editor, DSSResources.COM Companies are implementing predictive analytics and quantitative models to assist managers. There remain ... |
DSS Foundations | Aug 19, 2012 |
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What is the history of Clinical DSS?
by Daniel J. Power Editor, DSSResources.COM Clinical Decision Support Systems (CDSSs) are positively disrupting healthcare and the practice of med... |
DSS Foundations | Jul 19, 2019 |
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What policies should govern Artificial Intelligence (AI) applications?
by Daniel J. Power Editor, DSSResources.COM Artificial Intelligence (AI) applications are reaching the point where both organizations and governm... |
DSS Foundations | Aug 05, 2020 |
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