Data Analytics: From Business Case to Model Training
Stage 1: Identify the Business Case
Why is it so relevant to identify the business case? It could be a driver and generate business value. The advance of information technologies makes available tons of data that a company is able to capture. Many organizations have on-going processes to capture internal data and from time to time they also capture external data based on surveys or studies. What you measure is what you manage.
Who has to identify the business case? Data experts are very good at gathering
Read MoreInventory Management: Key Terms and Definitions
Chapter 12
Backorder: Occurs when a customer is willing to wait for the item.
Cycle Inventory: Inventory that results from purchasing or producing in larger lots than are needed for immediate consumption or sale.
Dependent Demand: Demand is directly related to the demand of other SKUs and can be calculated without needing to be forecasted.
Dynamic Demand: Demand that varies over time.
Economic Order Quantity (EOQ): A classic economic model developed in the early 1900s that minimizes the total cost, which
Read MoreTractor Mechanics: Components, Operation, and Efficiency
How is the Driving Force Transmitted to Caterpillars or Wheels?
By gearing or hydraulic systems. Drive components transmit efforts through continuous gear, brakes, and clutches.
Hydraulic systems also have the advantage that efforts are absorbed by abnormal slip of transmissions, although their frequency may lead to heating within the system. There are more sophisticated transmission systems, equivalent to those employed on tractors, that respond to power-shift technology.
Parts Included in a Tractor
Read MoreStrategic Planning for Sports Institutions: Internal and External Analysis
External Environment Analysis
System Demand
System demand refers to all the people who live in the area of influence of an institution and could potentially use its services.
- System demand is determined through a needs assessment or market demand analysis of customers.
- Segmentation: This is the process of identifying, assessing, and selecting the segment to which the entity will direct its efforts.
- Segmentation criteria: Territorial, sociodemographic, and according to need.
- Types of application: Established,
Technical Reports, Proposals, Math Induction, Mediation, and Business Systems
Common Elements of a Technical Report
Elements include:
- Title Page
- Abstract
- Table of Contents
- Introduction
- Body
- Recommendations
- References
- Appendices
Common Elements of a Proposal
Common Elements of an Unsolicited Proposal:
- Introduction
- Background
- Benefits
- Description of Work
- Method
- Qualifications
- Required Resources
- Conclusions
Mathematical Induction Scheme
Describe the mathematical induction scheme (steps) and prove that: n2 – 2n > 0 for all n > 2
Answer:
n2 – 2n > 0 for all n > 2
Base case: n=3, 32 – 2(3)
Read MoreAnalog vs. Digital Signals and Internet Connection Types
Analog vs. Digital Signals
What is the difference between analog and digital? In analog signals (e.g., in the transmission of conventional radio or television), the electrical signal that is transmitted through magnetic waves bears a striking resemblance to the sound or image that resulted, hence the name “analog,” which comes from “analogue.” Digital signals, however, bear no resemblance to the stimulus that created them and consist of a combination of ones and zeros (digits). The main advantage
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