3 PLEASE DONT USE SOMETHING ALREADYON CHEGG, I NEED A CORRECT ANDCLEAR ANSWER1. Explain and present an example of howdecision analysis can be used indetermining optimal alternatives orstrategies decisions when determiningoptimal alternatives or strategies.

Decision analysis is primarily used to develop optimal strategy when the decision making team is…

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.4: Multiple Regression Models

Problem 12P

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Compare between thequalitative and quantitativeapproaches in the analysesphase of the decision-makingprocess

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1. Explain and present an example of how decision analysis can be used in determining optimal alternatives or strategies decisions when determining optimal alternatives or strategies.