Describe Porter's five-forces analysis and it can be applied to the sensor industry represented in the Capstone simulation.

explain briefly the Predictive system concept

Explore the ethical considerations in utilizing predictive analytics for customer behavior forecasting in CRM.

If descriptive analytics focuses on summarizing historical data to gain insights into past events and trends and predictive analytics focused on forecasting future outcomes. What is the significance of the relationship between the past and the future?

Provide an explanation for the operation of predictive analytics and a scenario in which it might be useful.

The topic of technology forecasting adopts  a  broad  definition  that  incorporates  competitive  technical  intelligence, foresight,  impact  assessment,  risk  assessment,  and  technology  road  mapping. Which of these topics is the highest of importance in technology forecasting?

How does the exponential smoothingtechnique forecast sales?

Present and discuss in detail the benefits and challenges of two applications of forecasting in Business Management.

Sales for the past 12 months at computer success are given here: January 3,000      July 6,300 february 3,400      August 7,200 March 3,700         Sept 6,400 April 4,100            Oct 4,600 May 4,700            Nov 4,200 June 5,700           December 3,900 a. Use a 3-month moving average to forecast the sales for the months May through December b. Use a 4-month moving average to forecast the sales for the months May through December C. Compare the performance of the two methods by using the mean absolute deviation as the performance criterion. Which method would you recommend? d. Compare the performance of the two methods by using the mean absolute percent error as the performance criterion. Which method would you recommend? e. Compare the performance of the two methods by using the mean squared error as the performance criterion. Which method would you recommend?