Wgu C207 Data Driven Decision Making Study Guide Graded A+

Simple Index Number {Ans: Measure that shows the relative change in a price or quantity of a single good or service with respect to time.}Big Data {Ans: A catch-phrase that describes a massive volume of data that is so large that it's difficult to process using traditional database and software techniques.}Late start dates {Ans: The latest activities can start without delaying the project. Late start dates are equal to the late finish dates for tasks minus the amount of time it takes to complete the tasks.}Union {Ans: The union of A and B, denoted AUB, is the collection of elements that are in either A, B, or both A and B.}Regression Analysis {Ans: A statistical analysis tool that quantifies the relationship between a dependent variable and one or more independent variables}Fishbone Diagram {Ans: A diagram that shows the underlying causes of a problem or event; also known as a cause-and-effect diagram.}