User Account

All Pages

What are the prescriptive models in business analytics

Assignment Help Operation Management
Reference no: EM133262608

(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. Explain in at least eight sentences.

(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) What is a clustered column chart? What is a stacked column chart? What is the difference between a clustered column chart and a stacked column chart? Which one of these two types of chart do you prefer? Explain the reason for your preference.

(d) Explain the basic concept of discriminant analysis. Give a real world example when this approach is useful. Explain in at least eight sentences.

(e) What are the error metrics in forecasting techniques? Why are they useful? Explain in at least eight sentences.

Reference no: EM133262608

Questions Cloud

Evidence of the all-hazards approach in the plans : Where do you see evidence of the all-hazards approach in the plans? Can you tell from the plan which hazards are of most eminent threat in your area?
Patient satisfaction and economic opportunity : Addressing post-acute care is both a patient satisfaction and economic opportunity. But why is that? What does that mean for the future of hospitals as they nav
Key domains of emotional intelligence : -Identify and describe for the CEO, the key domains of emotional intelligence
Write a formal business letter : Write a formal business letter, to be sent out to one of your stakeholders informing them of your new franchise of organic/non organic products, and inviting th
What are the prescriptive models in business analytics : (a) What are the prescriptive models in business analytics? How do prescriptive models differ from predictive models?
Establishment of the purpose of the portfolio : An Introduction as well as Conclusion to your Portfolio. The Introduction is the establishment of the purpose of the Portfolio and what you intend to prove or d
Create to replace the taco bar ice cream treat : According to Lamb, Hair and McDaniel, "The average fast moving consumer goods company introduces 70 to 80 new products per year." Why is innovation necessary fo
Did they appeal to the reader emotions : A rhetorical analysis should explore the rhetorician's goals, Did they appeal to the reader's emotions? Did the use facts? Did they use an anecdotal evidence
Describe any two strategies that the republic bank uses : Describe any two strategies that the Republic Bank uses to achieve its mission and comment on the appropriateness of these strategies.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd