TECHNIQUES

Balanced Scale

Used mainly in questionnaire formats, a balanced scale is one on which the number of positive and negative categories are equal, leaving the respondent with a fair decision. 

Betweenness

Measure in Social Netwrok Analysis which represents the degree an individual lies between other individuals in the network; the extent to which a node is directly connected only to those other nodes that are not directly connected to each other; an intermediary; liaisons; bridges. Therefore, it's the number of people who a person is connected to indirectly through their direct links.

Box-Jenkins Model

The Box-Jenkins methodology (1976) for Time Series Modelling, developed by George Box and G.M. Jenkins combines the Autoregressive (AR) and Moving Average (MA) models to produce the ARMA (autoregressive moving average) model which is the cornerstone of stationary time series analysis. ARIMA (autoregressive integrated moving average models) on the other hand are used to describe non-stationary time series. Box and Jenkins suggest differencing a non stationary time series to obtain a stationary series to which an ARMA model can be applied. Non stationary time series have a pronounced trend and do not have a constant long-run mean or variance. 

Business Intelligence

Business intelligence (BI) is a business management term which refers to applications and technologies which are used to gather, provide access to, and analyze data and information about company operations. Business intelligence systems can help companies have a more comprehensive knowledge of the factors affecting their business, such as metrics on sales, production, internal operations, and they can help companies to make better business decisions. Business Intelligence should not be confused with competitive intelligence, which is a separate management concept.