Define three continuous random variables that a marketing vice president should regularly examine.

Q: How does the accuracy of prediction markets compare to public opinion polls? Prediction markets'…

A: The answer is as below:

Q: puterised statistical processe

A: Traditionally producers have well-known that each product has to have tolerance limits due to the…

Q: What is meant by the term decision analysis?

A: The decision is the aspect in the context of management that deals with selecting or choosing an…

Q: What distinguishes causal, statistical, and Pareto analyses? Which group better represents ODC…

A: 1)Problem-solving and decision-making techniques include Pareto analysis, statistical analysis, and…

Q: How do you explain descriptive statistics in business research?

A: Descriptive statistics is a branch of statistics that deals with analysis and interpretation of…

Q: What are some of the differences between a descriptive model and a prescriptive model?

A: A model is described as a representation of reality abstractly, and it uses predictive power and…

Q: Discuss the last FOUR steps of the problem-solving cycle.

A: Successful leadership is truly based on the way the leader is able to solve problems effectively…

Q: Define business analytics (BA)

A: Business Analytics (BA) is defined as the study of data and the statistical and operations analysis,…

Q: Illustrate one example/scenario when judgmental forecast is utilized.

A: Forecasting is the process of predicting the future demand based on historic data or information.

Q: How can predictive analytics be utilized in marketing to anticipate and predict future customer…

A: Predictive analytics in marketing is the use of data extraction, forecasting, and machine learning…

Q: forecasting techniques managers use in decision making

A: Managers are the individuals responsible for managing the activities of an organization. They are…

Q: What is A3 Problem solving approach and its objectives?

A: A3 refers to the standard sheet of paper that we use for photocopying/printing. It appears that this…

Q: How is the exponential smoothing method used to predict future sales?

A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…

Q: Identify and explain 3 advantages and 3 disadvantages of business analytics.

A: Introduction Business analytics is the study of skills, innovations, and techniques for the…

Q: Explain what is meant by the term decision tree ?

A: The decision making process can be defined as a business process in which the professionals try to…

Q: Develop a payoff matrix  - Is there a saddle point?  - Determine the promotion strategies of firm A…

A: Promotional strategies refer to the various methods and approaches that businesses use to promote…

Q: Consider that you are a marketing controller for a company and that you have been requested to…

A: The customer performance scorecard is a tool used to identify areas where a business might excel or…

Q: Can you explain how the marketing statistics and competitors analysis under situation analysis on…

A: The Situation Analysis is a critical component of the Digital Marketing Research (DMRi) that…

Q: What is a time-series forecasting model?

A: Forecasting is an important instrument to predict the future. Every organization needsforecasting to…

Q: Brief me about marketing forecast techniques

A: A market forecast is an essential part of any market study. It forecasts the size, characteristics,…

Q: Define the following in your own words Sustainability Profitability  Sales report Coronavirus…

A: Environmental control is the degree to which individuals, groups, or business units can modify and…

Q: What is marketing intelligence system? Explain how it differs from internal data? What are the…

A: Consists of people, procedures and systems to collect, analyze and distribute the information needed…