QPR Knowledge Base 2019.1

Evaluate a Model

Evaluate a Model

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Evaluate a Model

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Before inputting data into a QPR Metrics model, it is very useful to evaluate the model. This is true even more so after data input. Model evaluation is partly done through the gathering and analyzing of employee feedback.

 

The Balanced Scorecard concept can be used to link the strategic goals of an organization with concrete, operational activities that can be easily measured. The modern corporation is a complex, multi-faceted entity, where many factors combine to shape the outcome of any action. Managers spend a significant part of their time trying to understand the interactions between the different parts of their organization, and deciding on the simplest possible set of elements required to monitor progress towards strategic goals.

 

QPR Metrics provides an excellent tool, which supports model evaluation, fine-tuning and communication:

 

Model Simulation