psbtraining

Least Square Method

What is Least Square Method? The Least Square Method (LSM) is a statistical technique used to find the best-fitting curve or line for a set of data points by minimizing the sum of the squares of the differences (residuals) between the observed values and the values predicted by the model. It is widely used in …

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Project Ideas on Data Science

Introduction to Data Science and Project Possibilities Data Science is a multidisciplinary field that combines statistics, programming, and domain expertise to extract meaningful insights from structured and unstructured data. It involves using tools and techniques such as machine learning, data mining, predictive analytics, and visualization to uncover patterns and make data-driven decisions. In today’s data-driven …

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UGC Lifts Ban on NMIMS: A Landmark Decision for Education Aspirants 2024-2025

In a significant move, the University Grants Commission (UGC) has lifted the ban imposed on Narsee Monjee Institute of Management Studies (NMIMS), allowing it to resume offering online and distance learning programs. This decision marks a turning point for both the institution and thousands of students across India and abroad who aspire to study at …

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IGNOU Assignment Solution – MMPC-001

XYZ Corporation: Navigating Through Change Identify and describe the four fundamental functions of management as they pertain to the case study. Introduction XYZ Corporation, a leading player in the consumer electronics industry, has built its reputation on innovative products and strong market presence. However, the rapidly evolving market landscape, characterized by fierce competition and swift …

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Ethical and Social Implications of AI : MCQ’s & Solutions

What is “algorithmic bias” in the context of AI systems?a) The intentional design of algorithms to favor a particular groupb) Systematic errors that lead to unfair treatment of certain groups due to skewed training data or flawed algorithmsc) Bias introduced by human errors during system deploymentd) Variability in algorithm performance across different environments Answer: b) …

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Applications of AI : MCQ’s

AI in HealthcareHow does AI enhance diagnostic accuracy in medical imaging?a) By manually reviewing all imagesb) By using traditional statistical models for analysisc) By employing convolutional neural networks (CNNs) to detect patterns and anomaliesd) By increasing the resolution of images manually Answer: c) By employing convolutional neural networks (CNNs) to detect patterns and anomalies Which …

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Consumer Behaviour – Question & Answers

Definition of Consumer Market The consumer market refers to individuals and households that purchase goods and services for personal consumption, rather than for resale or business purposes. These markets include a wide range of products, such as groceries, clothing, electronics, and services like healthcare, entertainment, and education. Consumer markets are driven by various factors, including …

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Quantitative Analysis for Managerial Decision-Making – Q&A and Practice Solutions

Describe briefly the questionnaire method of collecting primary data. State the essentials of a good questionnaire. Introduction The questionnaire method is one of the most effective and widely used techniques for collecting primary data in research. It involves asking a set of predefined questions to respondents, who provide their answers either in written or electronic …

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