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Question ID 16156

In which lifecycle stage are appropriate analytical techniques determined?

Option A

Model planning

Option B

Model building

Option C

Data preparation

Option D

Discovery

Correct Answer A
Explanation


Question ID 16157

You have been assigned to do a study of the daily revenue effect of a pricing model of
online transactions. You have tested all the theoretical models in the previous model
planning stage, and all tests have yielded statistically insignificant results. What is your next
step?

Option A

Report that the results are insignificant, and reevaluate the original business question.

Option B

Run all the models again against a larger sample, leveraging more historical data.

Option C

Move forward on the model with the highest significance scores relative to the others.

Option D

Modify samples used by the models and iterate until a significant result occurs.

Correct Answer A
Explanation

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