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Core AQR Words

The words used across the whole course

Words that should become normal classroom language across the entire year.

Back to all vocabulary sections

Published vocabulary

22 terms in the standard AQR format.

Start with the plain-language meaning, then use the fuller definition and sentence stem as the term becomes familiar.

  1. Core — must use repeatedly

    Analyze

    Full definition
    To analyze means to break a situation, claim, dataset, model, or decision into meaningful parts and examine how those parts relate to one another.
    Plain language
    Look closely at the parts and how they work together.
    How we use it in AQR
    When a direction says analyze, you should do more than describe; you should examine relationships, patterns, causes, limits, or structure.
    Example question or sentence stem
    When I analyze this, I notice ______.
  2. Core — must use repeatedly

    Assumption

    Full definition
    An assumption is something treated as true, stable, or reasonable so that thinking or modeling can continue, even though it may not be fully known or proven. Assumptions should be stated and tested when possible.
    Plain language
    Something we are treating as true for now.
    How we use it in AQR
    You will name assumptions behind surveys, models, decision rules, AI output, and recommendations instead of hiding them.
    Example question or sentence stem
    This recommendation assumes that ______.
  3. Core — must use repeatedly

    Benefit

    Full definition
    A benefit is a useful, desirable, or positive result that may come from a choice, action, tool, or policy. Benefits may be immediate or long-term and may matter differently to different people.
    Plain language
    Something good you may gain from a choice.
    How we use it in AQR
    You will compare benefits with costs, risks, and constraints instead of assuming the option with the most benefits is automatically best.
    Example question or sentence stem
    The main benefit of this option is ______.
  4. Core — must use repeatedly

    Claim

    Full definition
    A claim is a statement that says something is true, likely, important, better, worse, or worth doing. Claims should be clear enough that evidence can support, challenge, or revise them.
    Plain language
    A statement that someone says is true.
    How we use it in AQR
    You will identify claims in your own work, in graphs and media, and in AI output before deciding whether the evidence supports them.
    Example question or sentence stem
    The claim being made is ______.
  5. Core — must use repeatedly

    Constraint

    Full definition
    A constraint is a requirement, boundary, limit, or condition that reduces the choices available or rules out options that do not fit. Constraints may involve time, money, access, rules, tools, location, or other resources.
    Plain language
    Something that limits what you can do or which choices will work.
    How we use it in AQR
    We identify constraints early so recommendations are realistic for the actual person and situation.
    Example question or sentence stem
    One constraint affecting this decision is ______ because ______.
  6. Core — must use repeatedly

    Cost

    Full definition
    A cost is anything a choice requires, uses, or gives up. Costs can include money, time, effort, attention, materials, opportunity, stress, or consequences.
    Plain language
    What you have to spend, use, or give up.
    How we use it in AQR
    AQR treats cost broadly so a decision is not judged only by its price tag.
    Example question or sentence stem
    One cost of this option is ______.
  7. Core — must use repeatedly

    Criterion

    Full definition
    A criterion is a standard, feature, or rule used to judge, compare, or score options. The plural is criteria. Good criteria are connected to the actual decision and can be explained clearly.
    Plain language
    Something you use to judge which option is better.
    How we use it in AQR
    In decision work, you identify criteria before choosing a winner so the comparison is visible and fair.
    Example question or sentence stem
    One important criterion for this decision is ______.
  8. Core — must use repeatedly

    Data

    Full definition
    Data are recorded facts, measurements, observations, categories, or responses collected for analysis. Data may be numerical, categorical, self-reported, observed, or produced by a tool.
    Plain language
    Information that has been collected and recorded.
    How we use it in AQR
    We collect and organize real data, then ask what it shows, what it does not show, and whether it is good enough to support a claim.
    Example question or sentence stem
    The data we would need are ______.
  9. Core — must use repeatedly

    Decision

    Full definition
    A decision is a choice among two or more possible actions, options, or responses. A strong decision considers goals, evidence, constraints, trade-offs, risk, and uncertainty before selecting what to do.
    Plain language
    A choice about what to do.
    How we use it in AQR
    Many AQR tasks ask you to compare options and make a supported choice instead of guessing or choosing only by feeling.
    Example question or sentence stem
    The decision I need to make is ______.
  10. Core — must use repeatedly

    Evaluate

    Full definition
    To evaluate means to judge the quality, strength, usefulness, credibility, or reasonableness of something by using clear criteria and evidence.
    Plain language
    Decide how good or trustworthy something is, and explain why.
    How we use it in AQR
    You will evaluate sources, claims, models, data displays, AI output, and recommendations rather than accepting them automatically.
    Example question or sentence stem
    I would evaluate this as strong or weak because ______.
  11. Core — must use repeatedly

    Evidence

    Full definition
    Evidence is relevant information used to support, challenge, or test a claim, explanation, conclusion, or recommendation. Evidence is stronger when it comes from appropriate data, reliable methods, and credible sources.
    Plain language
    Information that helps show whether a claim is believable.
    How we use it in AQR
    AQR requires you to point to the information behind your reasoning instead of relying only on confidence or opinion.
    Example question or sentence stem
    The strongest evidence for this claim is ______.
  12. Core — must use repeatedly

    Interpret

    Full definition
    To interpret means to explain the meaning of information in its context. Interpretation connects numbers, words, graphs, or results to the real situation they represent.
    Plain language
    Explain what the information means.
    How we use it in AQR
    You will interpret data and tool outputs instead of only reporting numbers or copying what a graph says.
    Example question or sentence stem
    I interpret this result to mean ______.
  13. Core — must use repeatedly

    Justify

    Full definition
    To justify means to support a claim, choice, method, or recommendation with relevant evidence and clear reasoning. A justification answers the question, 'How do you know?'
    Plain language
    Give reasons and evidence that show why your answer makes sense.
    How we use it in AQR
    AQR expects you to explain the why behind your work, especially during oral questions and project defenses.
    Example question or sentence stem
    I can justify my choice by pointing to ______.
  14. Core — must use repeatedly

    Limitation

    Full definition
    A limitation is a boundary, weakness, missing piece, or condition that restricts what data, a method, a model, a source, or a conclusion can show. A limitation is not always a mistake; sometimes it is an unavoidable boundary.
    Plain language
    Something that keeps the result from telling the whole story.
    How we use it in AQR
    Every major AQR product should name what it cannot prove, predict, or handle well.
    Example question or sentence stem
    One limitation of this result is ______.
  15. Core — must use repeatedly

    Model

    Full definition
    A model is a simplified representation of a real situation, relationship, system, or decision. Models may use words, diagrams, tables, graphs, formulas, rules, or digital tools to help explain, compare, predict, or decide.
    Plain language
    A useful simplified version of something real.
    How we use it in AQR
    We build and critique models while remembering that every model includes some features and leaves others out.
    Example question or sentence stem
    This model includes ______ but leaves out ______.
  16. Core — must use repeatedly

    Reasoning

    Full definition
    Reasoning is the logical connection between information and a conclusion. It explains why the evidence matters, how ideas are connected, and why a decision or claim makes sense.
    Plain language
    The thinking that connects evidence to an answer.
    How we use it in AQR
    You will make your reasoning visible in writing, speaking, models, tables, graphs, and tool outputs so another person can follow it.
    Example question or sentence stem
    This evidence supports my conclusion because ______.
  17. Core — must use repeatedly

    Recommendation

    Full definition
    A recommendation is a supported judgment about what a person, group, or organization should choose or do. A responsible recommendation explains its criteria, evidence, assumptions, trade-offs, risks, and limitations.
    Plain language
    Advice that is backed by reasons and evidence.
    How we use it in AQR
    Your recommendation should help a real person make a clearer decision, not claim to be a perfect answer for everyone.
    Example question or sentence stem
    Based on the evidence, I recommend ______ because ______.
  18. Core — must use repeatedly

    Revision

    Full definition
    Revision is a purposeful change made after feedback, testing, new evidence, reflection, or recognition of a problem. Revision improves the quality, accuracy, clarity, or usefulness of work.
    Plain language
    Changing your work to make it better after learning something.
    How we use it in AQR
    Testing and revision are part of the work, not punishment for getting the first version wrong.
    Example question or sentence stem
    I revised ______ because ______.
  19. Core — must use repeatedly

    Risk

    Full definition
    Risk is the possibility that an unwanted event, loss, failure, or harmful outcome may occur. Risk includes both the chance of the outcome and how serious its consequences would be.
    Plain language
    What could go wrong and how much it could matter.
    How we use it in AQR
    We identify risks before making recommendations and consider whether they can be reduced, accepted, or avoided.
    Example question or sentence stem
    One important risk is ______.
  20. Core — must use repeatedly

    Trade-off

    Full definition
    A trade-off occurs when improving or gaining one thing requires accepting less of something else. Trade-offs are common when time, money, attention, or other resources are limited.
    Plain language
    Getting one thing means giving up or accepting less of another.
    How we use it in AQR
    AQR makes trade-offs visible so recommendations do not pretend that a choice gives every benefit with no loss.
    Example question or sentence stem
    The main trade-off is ______ in exchange for ______.
  21. Core — must use repeatedly

    Uncertainty

    Full definition
    Uncertainty is the part of a situation that is unknown, difficult to measure, unpredictable, or likely to change. Uncertainty limits how confident a conclusion or recommendation should be.
    Plain language
    What we do not know or cannot predict exactly.
    How we use it in AQR
    You will use honest confidence language and avoid pretending that incomplete evidence gives a certain answer.
    Example question or sentence stem
    We are uncertain about ______, so ______.
  22. Core — must use repeatedly

    Variable

    Full definition
    A variable is a quantity, category, feature, condition, or input that can take different values. Variables may be measured, changed, compared, or used in a model.
    Plain language
    Something that can change or have different values.
    How we use it in AQR
    You will identify variables in learner profiles, datasets, surveys, decision tools, and claims about relationships.
    Example question or sentence stem
    The variable that may affect the result is ______.