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Managers require good forecasts of economic indicators for financial planning and making sound decisions. Economic indicators may include sales, consumer behavior, demographics, interest rates, and inflation. Qualitative and judgmental techniques rely on managerial experience and intuition. Please choose a forecasting technique you may be familiar with and describe/discuss a specific managerial application or scenario for its use.
Decision optimization is the process of selecting values of decision variables that minimize or maximize some quantity of interest and is an important tool for prescriptive analytics. Optimization models have been used in operations and supply chains, finance, marketing, and other disciplines for many years to help managers efficiently allocate resources and make cost-effective, profitable decisions. Build a specific example of a linear optimization model, discussing/describing the basic steps in its development.
the local county is considering a budget proposal that would reallocate funding to renovate the city pools. a survey is
Chi-square test for goodness of fit - difference in the use of the four entrances?
a given projects expected duration along its critical path is 25 days. management wants to know the probability that
A random sample of 81 credit sales in a department store showed an average sale of $68.00. From past data, it is known that the standard deviation of the population is $27.00.
in an effort to estimate the mean amount spent per customer for dinner at an atlanta restaurant data were collected for
for the funtion fx6x2 make a table of slopes of secant lines and make a conjecture about the slope of the tangent line
Find the probability that the toll collector will have to wait longer than 26.30 minutes before collecting the 8th toll.
Calculate the monthly payment John will need to meet under current conditions. Assess the effect on John's monthly payments for each quarter percentage point increase in the BoE rate, up to 4%.
You attempt a 50 item (n = 50) true-and-false exam. You did not study for the material and your attempt to answer any item is a guess, with a 50% chance that you will get any item correct. You need a score of 30 or better to pass the exam.
How many business majors would be required to evaluate mean salary to within 10 with 95% confidence if population standard deviation is %200.
physicians at a clinic gave what they thought were drugs to 940 patients. although the doctors later learned that the
the data below are the ages and systolic blood pressure measured in millimeters of mercury of 9 randomly selected
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