The Modeling Process [WLOs: 1, 2, 4, 5] [CLOs: 1, 2] | Discussion Solution
The Modeling Process [WLOs: 1, 2, 4, 5] [CLOs: 1, 2]
Prior to beginning work on this discussion forum, read Chapter 1: Introduction to Business Analytics.
People live in a data-driven world. In personal lives, people are surrounded by websites offering weather or airfare predictions, and in professional lives, people deal with revenue projections and metrics analysis. Data analysis is mostly driven by the desire to solve a problem or problems.
In your initial post,
- Share a real-life problem when you have applied (or would like to apply) the Seven-Step Modeling Process  Download Seven-Step Modeling Process.
- Is this problem structured, semi-structured, or unstructured?
- Explain your decision-making process.
Guided Response: Review several of your classmates’ posts, and provide answers, constructive analysis, or suggestions for at least two of your classmate’s questions by Day 7. Do you agree with your classmates’ decision-making process? Explain why or why not. If your decision-making process would have been different, describe what you would have done differently to solve the problem.
In your responses, make sure that you are not only discussing your experience or views on the subject, but you are also making strong and precise connections to the current course content. Post at least one question, a solution or interpretation of the material, or an example from a real-life application relevant to the discussion.
This discussion forum is a place to collaborate so everyone can gain applicable knowledge of the material. You are encouraged to post your required replies early during the week to promote more meaningful and interactive discourse in this discussion. The Modeling Process Remember to cite and reference your sources of information. See the APA: Formatting Your References List (Links to an external site.) and APA: Citing Within Your Paper (Links to an external site.) resources in the Writing Center for more details.
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