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Analysis Paralysis

Discussion: Unit 3, Due Wednesday by 11:59 pm CT

How Much is Too Much – Analysis Paralysis?

INSTRUCTIONS:

Discussion Prompt(s): Many times the models and forecasts that we create can be improved by adding additional factors and data that may have an effect. Some might say “the more detailed the model, the more accurate the results.”

Considering this please address the following prompts in your discussion:

  1. Do you feel this is the case?
  2. At what point should you stop improving the accuracy of a forecast and except the level of accuracy you already have?

Please be sure to validate your opinions and ideas with citations and references in APA format.

The post and responses are valued at 40 points. Please review post and response expectations. Please review the rubric to ensure that your response meets criteria.

Estimated time to complete: 2 hours

Peer Response: Unit 3, Due Sunday by 11:59 pm CT

How Much is Too Much – Analysis Paralysis?

INSTRUCTIONS:

Please respond to a minimum of two peers. In your response please consider the following :

  • Does the answer to this question vary based on the type of decision being made? How?
  • How could we categorize decisions to determine how much analysis was appropriate?

Please be sure to validate your opinions and ideas with citations and references in APA format.

Estimated time to complete: 1 Hour

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