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(a) What are the prescriptive models in business analytics? How do prescriptive models differ from predictive models? Give a real world example of a prescriptive model and explain why it is not a predictive model.
(b) What are the data queries in Excel? Give a real world example where using a data query is useful. Answer in at least eight sentences.
(c) Briefly explain different methods used for visualizing categorical data and their relative merits. Answer in at least ten sentences.
(d) Explain the basic concept of cause-and-effect modeling. Give a real world example when this approach is useful.
(e) Briefly describe the Delphi method in forecasting techniques. Why is it a useful technique? Give a real world example where using the Delphi method is appropriate. Explain in at least eight sentences.
Discuss the basic concept of social insurance as provided by Social Security programs. Describe the differences between FICA and FUTA.
A paint shop manages their inventory utilizing a fixed-period inventory system. The evaluation period is two weeks as well as the lead time is two weeks
Part A. Identify 1. Net Operating Income (Cash Flow Before Debt Service) and 2. Taxable profit or loss from the following scenario.
Employee Stock Ownership and Executive Pay, Conclude two circumstances in which profit sharing and employee stock ownership may increase employee motivation and performance levels. Sustenance your answer with examples.
Describe Michael Porter's competitive strategies. Using Porter's competitive strategies, how would you describe the strategies of Walmart, Macy's, and Target?
Mathematically calculate the amount of shortage in the market, and the number of winners and losers found in this market.
How will the electronic medical record (EMR)/electronic health record (EHR) help or hinder the delivery of health care? Respond to at least two of your classmates' postings.
OL 500- Explain actual workplace organizational issues drawing from your own experience. Analyze root causes from a human behavior perspective and validate the analysis with supportive research evidence.
What you're saying here is that demand is low because supply is low, and supply is low because orange production in Florida has halted.
What are the security threats in a financial institutions? Which are the best cyber security practices in a financial institution?
It conducts a telephone poll of 300 randomly selected households in the area and finds that 96 have DVD players. State the test of interest to the rental chain.
What are the two most common HTTP request types (also known as request methods)?
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