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Ad hoc is a Latin phrase meaning literally ' for this '. In English , it typically signifies a solution designed for a specific purpose, problem, or task rather than a generalized solution adaptable to collateral instances (compare with a priori ).
In science and philosophy, an ad hoc hypothesis is a hypothesis added to a theory in order to save it from being falsified.. For example, a person that wants to believe in leprechauns can avoid ever being proven wrong by using ad hoc hypotheses (e.g., by adding "they are invisible", then "their motives are complex", and so on).
In this setting, when periodic, or ad hoc decisions are made, analysis of historical transaction data sets is performed. This approach is often seen in large enterprises which have quantitative analysts familiar with the tools and, to various degrees, with Pricing Science methods, or which retain specialized consultants to perform the analysis.
The Delphi method or Delphi technique (/ ˈ d ɛ l f aɪ / DEL-fy; also known as Estimate-Talk-Estimate or ETE) is a structured communication technique or method, originally developed as a systematic, interactive forecasting method that relies on a panel of experts.
In economics, rationalization is an attempt to change a pre-existing ad hoc workflow into one that is based on a set of published rules. There is a tendency, in modern times, to quantify experience, knowledge, and work.
Rodger's method is a statistical procedure for examining research data post hoc following an 'omnibus' analysis (e.g., after an analysis of variance – anova). The various components of this methodology were fully worked out by R. S. Rodger in the 1960s and 70s, and seven of his articles about it were published in the British Journal of ...
Initial (chaotic, ad hoc, individual heroics) - the starting point for use of a new or undocumented repeat process. Repeatable - the process is at least documented sufficiently such that repeating the same steps may be attempted. Defined - the process is defined/confirmed as a standard business process
Business analysis is a professional discipline [1] focused on identifying business needs and determining solutions to business problems. [2] Solutions may include a software-systems development component, process improvements, or organizational changes, and may involve extensive analysis, strategic planning and policy development.