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Question 6: Analytics Concepts What is a “model” in terms of predictive data analysis? Give an...

Question 6: Analytics Concepts

  1. What is a “model” in terms of predictive data analysis? Give an example.
  2. How will you explain the concept of hypothesis testing to a layperson?
  3. What is the difference between Mean and Median? If you could pick only one number to explain the salaries of NBA players, which one will you pick and why?
  4. “With big data we can escape the straightjacket of group identities and replace them with much more granular predictions for each individual.
    The promise of big data is that we do what we’ve been doing all along – profiling – but make it better, less discriminatory and more individualized.” Argue a case for or against this new type of behavioral profiling.

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milcah answered 1 year ago
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