Here are some points to ponder when hiring data professionals:
1. look for candidates with a strong educational background in analytics/statistics. you want someone who knows more than you do about handling copious amounts of data.
2. the ideal candidates will have specific experience in your industry or a related industry. "when you have all those ph. d.s in a room, magic doesn’t necessarily happen because they may not have the business capability," said andy rusnak, a senior executive at ernst & young.
3. search for potential candidates from industry leader organizations that are more advanced in big data.
4. communication skills are a must. look for a candidate "who can translate ph. d. to english," says sap chief data scientist david ginsberg. he adds, "those are the hardest people to find."
5. find candidates with a proven record of finding useful information from a mess of data, including data from questionable sources. you want someone who is analytical and discerning.
6. look for people who can think in 8- to 10-week periods, not just long term. most data projects have a short-term focus.
7. test candidates’ expertise on real problems. netflix's director of algorithms asks candidates, "you have this data that comes from our users. how can you use it to solve this particular problem? "

questions:
1. let’s say you work in a metropolitan city for a large department store chain and your manager puts you in charge of a team to nd out whether keeping the store open an hour longer each day would increase profits. what data might be
available to your decision-making process? what data would be important to your decision?
2. what kinds of data might we want in ob applications?
3. as braver man notes, one problem with big data is making sense of the information. how might a better understanding of psychology you sift through all this data?

What common business mistake can cost you everything

Part three of three how are exchange rates determined in a flexible exchange rate system? us dollar compared to the pound inflation and deflation us dollar compared to the euro supply and demand read the statement. country a is running a trade deficit. what must country a do to reverse this trend? it must hire more workers to increase products for export. it must continue the course it is currently following. it must print more money so people will spend more. it must increase trade exports with other countries. what are consequences of a weak dollar? (select all that apply.) increase in the cost of exports unemployment in import industries increase in the cost of imports unemployment in export industries which is an example of regional cooperation to promote economic growth? neighboring countries negotiate tariffs and duties regarding trade. neighboring countries sign a pact to limit immigration into their countries. neighboring countries remain separate but work together to promote peace. neighboring countries set up quotas on resources that can be sold. why would wealthy nations have an interest in the development of poor nations? (select all that apply.) it opens up new markets for goods and services. it leads to migration between the countries. they want to improve tariff revenues with imports. they feel an ethical or moral obligation to do so. how can the world bank developing nations economically? it can work to remove serious health problems so resources can shift to economic growth. it can provide loans to developing countries to build new infrastructures. it can protect and negotiate free trade deals between neighboring nations. it can sell medical drugs and other treatments to clinics at a very low cost, saving the patients money. which is a characteristic of the takeoff stage of rostow's five stages of economic growth? the population as a whole has its basic needs met and enjoys a high standard of living focused on consumer goods. advancements in technology require a skilled labor force competent in electronics, medicine, and engineering. a country begins to grow rapidly and new industries start to emerge that drive further economic development. the labor of a country is unskilled and focuses on agricultural production, animal husbandry, and the harvesting of timber. how can a developing nation improve its economy if it lacks natural resources? it can default on loans owed to foreign banks. it can place high tariffs on all of its imports. it can engage in international trade. it can flood foreign exchange markets with its currency. how might developing countries obtain funding? (select all that apply.) they can obtain financial assistance from world bank. they can attain microloans from neighboring countries. they can gain loans from private investors. they can acquire grants from foreign countries. what reasons do protectionists cite most for restricting trade? (select all that apply.) to protect national security and prohibit us reliance on other countries to protect us taxpayers from increased income and corporate tax rates to protect us infant industries that tend to have high production costs to protect us jobs due to cheap labor in other countries

On january 2, 2016, twilight hospital purchased a $94,800 special radiology scanner from bella inc. the scanner had a useful life of 4 years and was estimated to have no disposal value at the end of its useful life. the straight-line method of depreciation is used on this scanner. annual operating costs with this scanner are $106,000. approximately one year later, the hospital is approached by dyno technology salesperson, jacob cullen, who indicated that purchasing the scanner in 2016 from bella inc. was a mistake. he points out that dyno has a scanner that will save twilight hospital $26,000 a year in operating expenses over its 3-year useful life. jacob notes that the new scanner will cost $111,000 and has the same capabilities as the scanner purchased last year. the hospital agrees that both scanners are of equal quality. the new scanner will have no disposal value. jacob agrees to buy the old scanner from twilight hospital for $40,500. if twilight hospital sells its old scanner on january 2, 2017, compute the gain or loss on the sale. prepare an incremental analysis of twilight hospital.