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

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Basic Math

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 testingto a layperson?
  3. What is the difference between Mean and Median? If youcould 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 ofgroup identities and replace them with much more granularpredictions for each individual.
    The promise of big data is that we do what we’ve been doing allalong – profiling – but make it better, less discriminatory andmore individualized.” Argue a case for or against this new type ofbehavioral profiling.

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