SUBJECT: Fundamentals of Business Analytics How does analytics be useful in the sector of: A. Tourism B. Agriculture C. Economics
Q: The solution of coping with natural differences between marketing and production functions is to do…
A: Option 1: - When natural differences occur in production and marketing it is necessary to have…
Q: In the Stokely Company, marketing makes a sales forecast by developing a sales force composite.…
A: In the Stokely company, the sales and operations team are generating their own sales forecast by…
Q: -A forecasting method that forecasts progress upward in the organization from small units to…
A: Forecasting can be explained as the techniques or tools that help in estimating the future trends…
Q: Forecasting, whether quantitative or qualitative in nature, is used every day in all business to…
A: Forecasting is an approach to expecting the tomorrow based on the outcomes of earlier data. It…
Q: (4-b). Use simple exponential smoothing with α = 0.6 to forecast the tire sales for September…
A: Forecasting sales refers to the prediction of future sales using previous data to estimate the…
Q: Daily high temperatures in St. Louis for the lastweek were as follows: 93, 94, 93, 95, 96, 88, 90…
A: Since you have asked multiple questions, we will solve first question for you (a, b and c). If you…
Q: How has the Internet's growth impacted how businesses predict in favour of their supply chain…
A: In today's society, organisations cannot function without the Internet. The internet is used to do a…
Q: Models for forecasting?
A: Forecasting models are one of the numerous methods used by organizations to forecast sales, supply…
Q: Which of the following would not be important in examining the firm's build-up of accounts…
A: A firm's build up of accounts receivable, cash and current assets shows the financial strength of an…
Q: Monthly sales in a company for a seven-period (Jan-July) were as follows: 19, 18, 16, 14, 17, 19,…
A: A simple moving average calculates the average of a selected range of the values, usually the closed…
Q: If ABC Corporation has following historical data about sales volume: Years Sales Years Sales…
A: Answer: Please note- We will answer the first question since the exact one was not specified. Please…
Q: Distinguish between economic forecast, Technological forecast, and demand forecast?
A: Forecasting is a process and art of estimating future events. It depends on techniques and…
Q: Given the following data, use least-squares regression to derive a trend equation:…
A: Given Data:-Period 1 2 3 4 5 6 X = PeriodDemand 6 7 10 11 9 15 Y = Demand…
Q: Explain the trade-off between responsiveness and stability in a forecasting system that uses…
A: Forecasting is the process of making assumptions of the future on the basis of past and present data…
Q: 1. A forecaster must decide on the value of this factor before he can use the simple moving average…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: SUBJECT: Fundamentals of Business Analytics How does analytics specifically be useful in the field…
A: Analytics is a significant tool in today's business world. A vast amount of data is generated across…
Q: Discuss what factors must you consider when forecasting the demand of Proton cars in planning future…
A: Various factors that should be considered while forecasting the demand of Proton cars in panning…
Q: What are some of the common Business Statistics used in Excell for Hospitality Management?
A: Hospitality management includes administering the regulatory assignments of a lodging or resort.…
Q: Demand forecasting is the primary data for decision-making in any organization. What will happen if…
A: Demand forecasting is developing the best possible estimate of future demand by analyzing the impact…
Q: .............. help you to make better decisions, or to plan your business strategy, by challenging…
A: .............. help you to make better decisions, or to plan your business strategy, by challenging…
Q: Problem 1: Sheet 1 a) Find on the Internet a time series, which contains at least 20 entries.…
A: Find the Time series data below: Note that, the below data was collected from the website…
Q: Develop a decision table for this decision
A: Below is the solution:-
Q: Describe the six steps in a typical forecasting process.
A: Six steps in a typical forecasting process are: Determine the purpose of the forecast…
Q: Which OPSCM maco designs / operations models / manufacturing environments use a forecast to plan for…
A: This method involves evaluating the production of a specific number of each production model and its…
Q: Forecasting plays an important role in the operations of modern management. In fact, operational…
A: Answer: Reference: Wikipedia, Operations Management book, Pearson Publication, 12e Kimberly-Clark…
Q: Critically examine the role of forecasting in ensuring proper management of customer orders
A: Management of any organization is a crucial task and very important also. Because it is directly…
Q: Months Month 1 Month 2 Month 3 Month 4 Month 5 Sales 20 25 32 35 38 Please use the weight 0.45 for…
A: Given data:
Q: With this regard, critically examine the role of forecasting in ensuring proper management of…
A: Forecasting is the process of estimating the relevant events of the future, based on the analysis of…
Q: Which of the following techniques helps the firm eliminate inventory carrying costs? a. Using a…
A: The cost that is incurred on the storage of unsold goods by the organization is known as inventory…
Q: Serena just visited a restaurant for dinner. During the dinner time, she overheard two customers…
A: It's a case where employees have leaked the confidential information unknowingly in the public. It's…
Q: Demonstrate how indexes and ranking data are calculated comparing the subject to the comp set.
A: INDEX can be defined as which mainly deals with the physical position of the record, incremental…
Q: What capability would an organization have to have to not need forecasts?
A: An organization's skills should be such that it is not entirely reliant on forecasts. Here,…
Q: b) Use exponential smoothing with a smoothing constant of 0.30 to forecast the sales. Assume that…
A: The Exponentially Weighted Moving Average (EWMA) is a quantitative or factual measure used to…
Q: . The expert’s opinion and the test marketing methods are examples of Qualitative and Quantitative…
A: A sale forecast is an estimation of sales volume that a company can expect to attain within the plan…
Q: What part does forecasting play in maintaining good customer order management?
A: Demand forecasting analyzes how much product your customers are likely to want during a specific…
Q: A is the collection of d that helps forecast whether an idea, opportunity or venture will survive.…
A: Business forecasting: Estimate what will happen in the future, especially by considering present…
Q: Compare reactive and constructive forecasting methods. Provide some descriptions of styles or…
A: Forecasting is described as a tool for making decisions and it helps in the estimation of future…
Q: There are two major ways of gaining data for the technology forecast. Which one you prefer using for…
A: Technology forecasting endeavors to foresee the future attributes of valuable mechanical machines,…
Q: ering the necessary information for financial forecasting for a startup company that doesn’t have…
A: Financial Forecasting is the process of preparing, assessing, or anticipating a business' future…
Q: 40 ________ is a planning tool that relies on past data to predict the future demand: Select one:…
A: ANSWER: Forecasting is the planning tool that relies on past data to predict the future demand.
Q: Define Tactical forecasts?
A: Forecasting is the process of estimating future demand based on the present and past data. The…
Q: What are the principles of the forecasting process ?
A: Forecasting is the act of extrapolating historical data to forecast future demand levels.…
Q: rovide recommendations to Netflix’s current approach, which may strengthen their strategic link to…
A: Netflix Inc. It is the biggest online streaming assistance provider in the environment with a…
Q: Demand forecasting is the primary data for decision-making in any organization. What will happen if…
A: The term demand forecasting refers to a process under which an organization intends to use the…
Q: Using the data below, what is the value of MAD? Week Time Series Value Forecast 6. 4.00 7.00 4 6.00…
A: Week Time Series Value (A) Forecast (F) Error -=A-F |Error| 1 6 4 2 2 2 5 7 -2 2 3 4 6 -2 2…
SUBJECT: Fundamentals of Business Analytics
How does analytics be useful in the sector of:
A. Tourism
B. Agriculture
C. Economics
Step by step
Solved in 4 steps
- The case focuses on U.S. markets. How are European markets affected by holiday shopping?Why is forecasting important to marketsegmentation?1. Do research to determine how employees view working for McDonald's. Explain how employees view the McDonald's Brand when it comes to seeking employment with it.
- PESTLE ANALYSIS OF Abu Dhabi Islamic Bank (ADIB) P stands for Political factors : E stands for Economic factors : S stands for Social factors : T stands for Technological factors : L stands for Legal factors : E stands for Environmental factors :.Ay 1. Explain the importance of analytics and data science in business.Quintile 1st 2nd Зrd 4th 5th % of Income, United States, 2010 % of Income, Bangladesh, 2010 10 14 20 51 13 16 21 41 United States data from Census.gov, before-tax Income, rounded to 1/100ths. Data for Bangladesh from WorldBank.org, rounded to 1/100ths. Report your answers to two decimal places. According to these data, the Gini coefficient for the United States in 2010 is The Gini coefficient for Bangladesh in 2010 is
- give three examples for each domain. 1.Cohort analytics 2.Cyber analytics 3.Financial service analytics 4.Fraud analytics marketing analytics 5. Talent analyticsExplanation it correctly Q)Which of the following factors can be a source of market power? Group of answer choicesThere are a large number of competitors in the market.There exist economies of scale in production that prevent competitorsfrom coexisting.The firm's Lerner index is equal to zero.The government prosecutes firms found to be colludingQ1) Ahmed's interest was cricket. When he finished university, he wanted to work in a management job. He wanted to do his research project on some aspect of general management and social sciences, preferably for a sports goods manufacturer but had no research idea. He asked five friends, all taking business education degrees, to help him brainstorm the problem. You are requested to use the following problem-solving techniques to generate and refine the research idea in this business scenario. i) The technique of Brainstormingii) The Delphi technique
- 1. Investment advisors estimated the stock market returns for four market segments: computers, financial, manufacturing, and pharmaceuticals. Annual return projections vary depending on whether the general economic conditions are improving, stable, or declining. The anticipated annual return percentages for each market segment under each economic condition are as follows: Economic condition Market Segment Improving Stable Declining Computers 10 4 Financial 8 Manufacturing 6. -2 Pharmaceuticals -1 a. What are the decision alternatives given? b. What are the states of nature What is the recommended decision using optimistic, conservative and minimax regret approaches, C.1. Read the case below. Develop a theoretical frame work and show by a figure. State hypotheses involved in this model. Incidence of smoking in movies has started to increase again, after having declined for several decades. According to the National Cancer Institute, smoking is seen in at least three out of four contemporary box-office hits. What’s more, identifiable cigarette brands appeared in about one-third of all movies in 2008. Exposure to smoking in movies is an important predictor of adolescent smoking initiation: smoking in movies has been shown to affect adolescents’ intentions to start smoking. In turn, the intentions to start smoking are determined by a more positive attitudetoward smoking after seeing a film character smoke. Recent research has revealed that the relationship between seeing a film character smoke and the attitude toward smoking is stronger when a person’s identification with a film character increases. These findings are consistent with social learning…....In light of evolving customer expectations, regulatory constraints, and disruptive market forces, elucidate how organizations can leverage advanced analytics, cross-functional collaboration, and adaptive forecasting models to anticipate market fluctuations, mitigate risks, and capitalize on strategic opportunities in real-time.