Regression and Analysis (Rules of Thumb)

dentify an important rule of thumb from your organization that is used to make quick decisions.

Step 2: Success example

Give an example of where this rule comes close to the correct decision.

Step 3: Failure example

Give an actual example of where it failed badly and explain why.

Step 4: Limits

Construct cases where the rule would produce disastrous results (to understand its limits).

Step 5: Improvements

Generate possible improvements of the rule. How can analytics help in avoiding failure?

Step 6: Testing
Regression and Analysis (Rules of Thumb)