- Read Chapter 8 of your textbook, An Overview of Business Intelligence, Analytics, Data Science, and AI
- Review the following:
In terms of input data, predictions and assumptions are a distinctive part of model building. According to Delen, Sharda, and Turban (2023), “Sensitivity analysis attempts to assess the impact of a change in the input data parameters on the proposed solution (i.e., via the result variable)” (p.347). Prescriptive analysis relies on sensitivity analysis as it provides flexibility and adaptability to changing conditions. The same holds true for what-if analysis. This system allows the user to input questions associated with “what will happy if.” Inversely, goal seeking is a type of backward analysis in that the use interjects the values needed to achieve a specific intended goal. Finally, decision tables aid the user in organizing data and knowledge into a systemic platform sheet that can be tracked and analyzed to make informed decisions.
In your paper,
- Discuss two reasons for implementing sensitivity analysis in the healthcare industry.
- Discuss two difficulties that may arise when analyzing multiple goals.
- Explain why a healthcare administrator might perform what-if analysis.
- Discuss why a healthcare administrator might use goal seeking analysis.
- Analyze the difference between decision tables and decision trees.
- Explain how decision trees can be used in decision-making processes in a healthcare organization.
Prescriptive Analytics Determining the Impact of Change paper,
- must be four to five double-spaced pages in length (not including title and references pages and formatted according to APA Style as outlined in the Writing Center’s APA Formatting for Microsoft Word resource.
- must include a separate title page with the following in title case:
- title of paper in bold font
- Space should appear between the title and the rest of the information on the title page.
- student’s name
- name of institution (The University of Arizona Global Campus)
- course name and number
- instructor’s name
- due date
- title of paper in bold font
- must utilize academic voice. Review the Academic Voice resource for additional guidance.
- must include an introduction and conclusion paragraph.
- must use at least three scholarly, peer-reviewed, credible sources in addition to the course text.
- must document any information used from sources in APA Style as outlined in the Writing Center’s APA: Citing Within Your Paper guide.
- must include a separate references page that is formatted according to APA Style as outlined in the Writing Center.