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(TCO 2) Which of the following is a key element in most DSS and a necessity in a model-based DSS?

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  1. (TCO 2) Which of the following models takes a single snapshot of a situation where everything occurs in a single interval?
  2. (TCO 3) The four components in a decision support mathematical model are linked together by the ________ relationships, such as equations.
  3. (TCO 2) A model builder makes predictions and assumptions regarding the input data, many of which deal with the assessment of uncertain futures. Which of the following attempts to assess the impact of a change in the input data or parameters on the proposed solution?
  4. (TCO 2) A model builder makes predictions and assumptions regarding the input data, many of which deal with the assessment of uncertain futures. Which of the following attempts to assess the impact of a change in the input data or parameters on the proposed solution?
  5. (TCO 2) Typically, there is some randomness in decision making situations. Because DSS deals with semistructured or unstructured situations, reality is complex, which may not be easily represented by optimization or other models, but can often be handled by ________.
  6. (TCO 3) In an article in Harvard Business Review, Thomas Davenport (2006) argued that the latest strategic weapon for companies is ________.
  7. (TCO 3) The term data mining was originally used to ________.
  8. (TCO 2) What is a major characteristic of data mining?
  9. (TCO 3) At the highest level of abstraction, data can be classified as ________ and ________.
  10. (TCO 3) Data mining seeks to identify patterns in the data. All of the following are major types of patterns, except:
  11. (TCO 3) Monte Carlo simulation is a type of ________ simulation.
  12. (TCO 2) Because the latter steps in the data mining process are built on the outcome of the former ones, one should:
  13. (TCO 3) ________ analysis calculates the values of the inputs necessary to achieve a desired level of an output. 
  14. (TCO 3) ________ conveniently organize information and knowledge in a systematic, tabular manner in order to prepare it for analysis. 

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