KPI
Key Performance Indicators (KPIs) are quantifiable measures used to evaluate the success of an organization, employee, or project in meeting objectives for performance.
186 topics found for
“decision analysis”
Outliers
Data points that differ significantly from other observations and may indicate variability in a measurement, experimental errors, or novelty.
Illusory Correlation
The perception of a relationship between two variables when no such relationship exists.
Homo Economicus
A theoretical concept in economics that portrays humans as rational and self-interested agents who aim to maximize their utility.
Winner’s Curse
A phenomenon where the winner of an auction tends to overpay due to emotional competition, leading to a less favorable outcome than anticipated.
Demographic
Statistical data relating to a particular population and groups within it.
Demand Forecasting
The process of predicting future customer demand using historical data and other information.
Matched Pairs Design
An experimental design where subjects are paired based on certain characteristics, and then one is assigned to the treatment and the other to the control group.
Usability Testing
A technique used to evaluate a product or system by testing it with real users to identify any usability issues and gather qualitative and quantitative data on their interactions.