What is a data driven DSS?
In respect to this, what is a model driven DSS?
Model-driven DSS include computerized systems that use accounting and financial models, representational models, and/or optimization models to assist in decision-making. Model-driven DSS use data and parameters provided by decision-makers to help in analyzing a situation, but such systems are not data intensive.
Also Know, how we can differentiate data driven DSS and model driven DSS? Both data – driven DSS and Model driven DSS are tools for information analysis. However, Model driven helps users understand the impact of decisions by providing what-if analysis whereas data driven usually analyzes developments in the past to help user make their decision.
Regarding this, what are the types of DSS?
These can be categorized into five types: communications driven DSS, data driven DSS, document driven DSS, knowledge driven DSS and model driven DSS. A communication driven DSS supports more than one person working on a shared task.
What is meant by decision support system?
A decision support system (DSS) is a computer-based application that collects, organizes and analyzes business data to facilitate quality business decision-making for management, operations and planning. DSS analysis helps companies to identify and solve problems, and make decisions.