Inference and Intervention: Causal Models for Business Analysis

1st Edition

Michael D. Ryall, Aaron L. Bramson

Routledge
Published September 18, 2013
Reference - 266 Pages - 190 B/W Illustrations
ISBN 9780415657600 - CAT# Y144425

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Summary

Ryall and Bramson's Inference and Intervention is the first textbook on causal modeling with Bayesian networks for business applications. In a world of resource scarcity, a decision about which business elements to control or change – as the authors put it, a managerial intervention – must precede any decision on how to control or change them, and understanding causality is crucial to making effective interventions.

The authors cover the full spectrum of causal modeling techniques useful for the managerial role, whether for intervention, situational assessment, strategic decision-making, or forecasting. From the basic concepts and nomenclature of causal modeling to decision tree analysis, qualitative methods, and quantitative modeling tools, this book offers a toolbox for MBA students and business professionals to make successful decisions in a managerial setting.

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