Business Finance : How to Minimize Biases and Increase Objective Decision Making

Data analysis is about using information and knowledge to make decisions. Although it can be presumed that the data is objective, it is possible to skew results due to heuristic errors and biases.

Identifythree biases that can influence the outcome of an analysis.

Explainwhat they are and how they arise.

Providesuggestions on how each bias can be minimized or overcome.

Writea 1,050- to 1,400-word paper, using a minimum of two peer reviewed sources.

Answers

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