Consider the following scenario: Manager's response when you attempted to explain weighted assessment models: "What's a weighted evaluation model?" "How do you decide which things to prioritise when weighing their relative importance? Is it simply a wild assumption on my part?" How would you respond to that?

Consider the following scenario: Manager's response when you attempted to explain weighted assessment models: "What's a weighted evaluation model?" "How do you decide which things to prioritise when weighing their relative importance? Is it simply a wild assumption on my part?" How would you respond to that?

COMPREHENSIVE MICROSOFT OFFICE 365 EXCE

1st Edition

ISBN:9780357392676

Author:FREUND, Steven

Publisher:FREUND, Steven

Chapter5: Working With Multiple Worksheets And Workbooks

Section: Chapter Questions

Problem 10AYK

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Consider the following hypothetical scenario: When you attempted to explain weighted assessment models to a manager, she replied by asking you, "What's a weighted evaluation model?" "In the process of determining the relative value of many things, how do you decide which ones should take precedence? Is it simply my best guess?" In response, what would you say to that?
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Think about the following scenario: To paraphrase a manager's actual words, "Can you please explain the concept of weighted evaluation models to me?" Then how do you determine which factors are most crucial? Is this just my wild guess? So, tell me, what would you say in response?
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Put the following into context: You tried explaining weighted assessment models to a manager, and she responded with, "So, how do you figure out who gets promoted?" "So, how do you go about calculating the relative importance of the variables? Could it be that I'm simply making up a number in my head?" To which I ask, what would you say?
When evaluating the correctness of a model, the only thing that can be considered is how well the model performs on test data. explain in detail, expand on? Explain?