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Chapter 7 discusses common data problems related to GIGO, overfitting, extrapolation, and not respecting variation inherent in model predictions. Describe a situation different from the
Chapter 7 discusses common data problems related to GIGO, overfitting, extrapolation, and not respecting variation inherent in model predictions. Describe a situation different from the ones listed in the textbook demonstrating why each of these is problematic in an accounting or business setting. What other data problems can you identify?
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
2nd edition
1111824401, 978-1111824402
