March 2013
Beginner
148 pages
3h 18m
English
Content preview from Decision Analysis for ManagersBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Implications for the Manager
As we’ve discussed, Excel is a powerful and useful tool, but poor practices can lead to significant errors that in turn can lead to bad decisions. It is especially tempting for time-pressed managers to use Excel to get a quick and dirty answer and ignore good model building principles.
The other important consideration is quality control of models used for making decisions. A peer review of the model is a good way to make sure that the inputs, transformation, and outputs within the model are what they are supposed to be. Having an independent person develop a high-level model in parallel with the real one is also useful for quality assurance.
As a manager, quality control of any models your organization uses for business ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.