Discuss the importance of optimization/standardization of experiments
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Discuss the importance of optimization/standardization of experiments
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- What exactly is Simulation Model Development?What is Regression? Explain Logistic Regression?An entrepreneur has embarked on a project to use human hair in place of animal furs in a clothing line. The human hair is to be woven into cotton fabrics, to make a hybrid fabric, that can be used as a thermal insulating fabric (i.e., it keeps persons warm). To increase the probability of sales the hybrid fabric must be dyed in various colors. Provide advice to the entrepreneur on what approaches should/could be taken to dye the new hybrid fabric. In your advice discuss the requirements of the dyes to be used, why hair dyes would not be a good option and how the dye(s) you suggest would work in the application based on the structure/properties of the fabric.
- Cite some sources of nonlinearities that arise in the three components of problem formulation.The Real Estate Settlement Procedures Act applies to: Group of answer choices commercial loans. junior liens. first mortgages and trust deeds. loans for vacant land.A local manufacturing firm which produces engineer to order and assemble to order high value products for the pharmaceutical industry has recently been requested by its owner to provide a proposal on the benefits of a predictive performance model and methodology from a workshop that you have recently completed. You are requested to produce the following report: 1. Review the current state of the practice of performance reporting within firms. 2. Suggest a suite of appropriate key performance measures. 3. Explain the benefits of an Ex-Ante or Predictive Performance approach to enterprise performance management. 4. Recommend a methodology on how this type of Enterprise Performance Model might be deployed within actual firms. It is recommended that you use appropriate examples from the literature or your prior industrial experience to support any recommendations that you provide.
- Is a knowledge of statistics required to use business intelligence (BI) tools? In what way would this be useful?Explain the benefits and shortcomings of CASE tools for process modelling activities ?Leggere, an internet book retailer, is interested in better understanding the purchase decisions of its customers. For a set of 2,000 customer transactions, it has categorized the individual book purchases comprising those transactions into one or more of the following categories: Novels, Willa Bean series, Cooking Books, Bob Villa Do-It-Yourself, Youth Fantasy, Art Books, Biography, Cooking Books by Mossimo Bottura, Harry Potter series, Florence Art Books, and Titian Art Books. Leggere has conducted association rules analysis on this data set and would like to analyze the output. Based on a minimum support of 200 transactions and a minimum confidence of 50%, the table below shows the top 10 rules with respect to lift ratio. Explain why the top rule “If customer buys a Bottura cooking book, then they buy a cooking book,” is not helpful even though it has the largest lift and 100% confidence. Antecedent Consequent Support for A Support C Support for A and C Confidence Ratio Bottura…