by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is the Altman Z Score ?The Altman Z-Score a formula used to determine the financial condition of the company and its probability of bankruptcy. What is the Altman Z-Score Formula?There are 4 distinct Z-Score formulas customized for the type of business being...
by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is a Variance Analysis?Variance analysis is used in budgeting and management accounting. It is a study of the variation (difference) between an actual (forecasted) action and a planned action. Variance analysis carries out a quantitative investigation to find out...
by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is a Regression Analysis?Regression analysis is a statistical method employed in statistical modeling to scrutinize the relationship between a dependent response variable and one or more independent predictor variables. It provides an insight into the manner in...
by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is A Posteriori?A posteriori is a Latin phrase that means “from the later.” It refers to knowledge gained following the analysis of an issue. It is the opposite of A Priori, which is knowledge obtained prior an analysis. It is deemed to be...
by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is the Law of Large Numbers?This is a concept of probability denoting that the prevalence of events with a similar chance of occurrence eventually level out over a number of enough trials. As the number of instances continues to increase, the actual ratio of...
by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science
What is an OODA Loop?United States Air Force Colonel and Military Strategist, John Boyd, developed the concept of OODA Loop which stands for Observe, Orient, Decide, Apply, a decision making cycle helpful in intense situations. Boyd used the concept in combat...
