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Please answer below discussion in word document in 300 words and add referecnes at the end of the document DISCUSS: Business Analytics in Action – Decision Analysis
Business Analytics in Action: Decision Analysis
Decision analysis is the study of how people make decisions, particularly when faced with imperfect or uncertain information, as well as a collection of techniques to support decision choices.
Read the Analytics in Practice: Using Decision Analysis in Drug Development (Evans, pp. 626-627) and the posted articles.
(a) Applying insights from this profile and posted articles, what did you learn about decision analysis?
(b) Modeling after one of the above profile highlights, how would you apply decision analysis in your personal or professional life? Alternatively, research and report on another decision analysis application.
Choose 2 submissions made by your classmates. Comment on the submission and provide feedback. Your feedback should provide constructive criticism as necessary but always maintain positive professional language.
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