INF1X1 Revamp 3 (Open Book)

A decision-making system is a structured approach or framework that combines data, _, processes, and often technology to support individuals or organizations in making informed and effective decisions.

(a)  

DSS stands for?

(a)  

Identify and define the 5 decision making phases

Complex, high Stake Choice.

• Rational Decision

• Bounded Rationality Decision

• Vroom-Yetton Decision

• Intuitive decision

• Recognition-primed decision

Instead of rigorously seeking the best possible decision, you're just looking for a "good enough" decision.

• Rational decision

• Bounded rationality

• Vroom-Yetton Decision

• Intuitive decision

• Recognition-primed decision

There's no one ideal process for making decisions. Instead, the best process to use will change based on your situation.

• Rational decision

• Bounded rationality

• Vroom-Yetton Decision

• Intuitive decision

• Recognition-primed decision

It's quickly reviewing everything you've learned from similar past situations to help you make a decision in your current situation.

• Rational decision

• Bounded rationality

• Vroom-Yetton Decision

• Intuitive decision

• Recognition-primed decision

Model works best in situations where you can draw on deep experience or expertise.

• Rational decision

• Bounded rationality decision

• Vroom-Yetton Decision

• Intuitive decision

• Recognition-primed decision

A data _ is unstructured data

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Data warehouses use ETL to convert and standardize information from various sources before making it available to OLAP tools.

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