Define the difference between an Analysis Report and a Recommendation Report
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Define the difference between an Analysis Report and a Recommendation Report.
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- Which type of analytics is used to know the effect of product price on sales. OA) predictive OB) forecast C) prescriptive D) descriptive1. What type of report along with the specific contents of the report should the Accounts department request from the Marketing department in order to address customers experiencing short deliveries? 1. What type of report along with the specific contents of the report should the Account depatment request from the Distribution department in order to address customers experiencing short deliveries?Explain what assumptions do qualitative forecasting systems make ?
- Describe the four most popular qualitative forecasting approaches.What category of forecasting techniques uses managerial judgment in lieu of numerical data?1. What type of report along with the specific contents of the report should be requested from the Marketing department in order to address customers experiencing short deliveries? 1. What type of report along with the specific contents of the report should be requested from the Distribution department in order to address customers experiencing short deliveries?
- 1. Give a specific example and scenario in Hospitality Industry that we can apply the Data Analysis Cycle. Identify the Problem Identify Available Data Sources Identify if Additional Data Sources are needed Statistical Analysis Implementation and Development Communicate Results MaintenanceWhich one of the forecasting methods is capable of handling large amounts of data and uncovering complex relationships? O a. Qualitative forecasting O b. Weather forecasting O c. Quantitative forecasting O d. Sales forecastingA) What makes a forecast optimal? B) How would you asses the accuracy of a forecast? C) Suppose you had two, or more, competing forecasts for the same variable. How would you make use of these forecasts?