Liamxavier

What are the two types of analysis tools? - -Exploratory and confirmatory. Exploratory helps develop a model. Confirmatory confirms a theory. -What are exploratory analysis tools? - -1st generation tools include Cluster analysis, EFA, and Multi dimensional scaling. 2nd generation tools include PLS-SEM, which is non-parametric and OLS estimation.

When should the type of data analysis for the project be determined? - -pre planning. Before you start -What is it called when you assign labels to data that can be read & understood by a computer (e.g., 1=yes, 2=no)? - -Coding the data -What is it called when you need to deal with missing data, and when you check to see if the values are valid &

Bootstrapping - -An approach to validating a multivariate model by drawing a large number of sub- samples and estimating models for each subsample. Estimates from all the subsamples are then com- bined, providing not only the "best" estimated coefficients (e.g., means of each estimated coefficient across all the subsample models), but their expecte

Force - -Any influance that tends to accelerate an object; a push or pull; measured in newtons; vector quantiy -Applied Force - -An external force -Friction - -Force that acts to resist the relative motion (or attempted motion) of objects or materials that are in contact -Net Force - -Combination of all the forces that act on an object -Support

Energy - -the ability to do work/ put matter into motion -Renewable sources of energy - -solar, hydro, and wind -Non-renewable sources of energy - -fossil fuels -Fossil fuels - -highly combustible substances formed from the remains of organisms from past geologic ages -Main fossil fuels - -coal (solid), oil (liquid), and natural gas (gas) -Wha

trade surplus - -exporting more than is imported -trade deficit - -exporting less than is imported -net exports - -exports-imports -balance of trade - -goods and services traded -balance of payments - -summary of a country's international trade -within a given year -in domestic country's currency -made of current and financial accounts -curre

Introduction to Statistics: one of the tools used to make decisions. - -sda -Sampling costco pizza or checking the temperature before jumping in the shower are both examples of making a decision and selecting a course of action. - -sda -As a student of business or economics, you will need basic knowledge and skills to organize, analyze, and trans

appreciation - -an increase in the value of a currency as measured by the amount of foreign currency it can buy -automated clearing house - -an electronic payment network available to businesses, individuals and financial institutions in the US, US terriroties, and Canada -barter system - -an economic system in which goods or services are traded

Prejudice - -A preconceived negative judgment of a group and its individual members -Stereotype - -A belief about the personal attributes of a group of people. -Racism - -An individual's prejudicial attitudes and discriminatory behavior toward people of a given race or institutional practices that subordinate people of a given race -Sexism - -An

Prejudice - -A preconceived negative judgment of a group and its individual members -Stereotype - -A belief about the personal attributes of a group of people. -Racism - -An individual's prejudicial attitudes and discriminatory behavior toward people of a given race or institutional practices that subordinate people of a given race -Sexism - -An