Compare and contrast descriptive, predictive, and prescriptive analytics.
Q: In a fabric manufacturing factory, the quality control process using control charts from SPC. In an ...
A: An X chart is model of control chart which constructing based on the mean values of the samples. The...
Q: Describe the tools and technologies that were used to define information technology project manageme...
A: IT project management is the procedure of organizing & handling the information technology expan...
Q: Quality impacts: O Product design O The supplier O Maintenance O The customer
A: Quality affects the customers directly. The little changes in quality may attract the customers or c...
Q: Describe how your mastery of project management and the concepts in this textbook will enhance at le...
A: The three employability skill that can mastery the project management concepts are:
Q: A clothing manufacturer produces women's clothes at four locations in Mexico. Relative locations hav...
A: Using the Centre of Gravity (CoG) method, we can find the central shipping point that will minimize ...
Q: Consider a project having the following seven activities: Normal Normal Crash Crash Maximum Time (we...
A: A network diagram is a visual representation of a project which helps to identify the project durati...
Q: can you said in 500 words, What is Project Management
A: In the question, First I would define the term "Project", then I would establish the definition of p...
Q: Conduct F test on the following data Is there a difference between the three distribution
A: Here, we could see that for each category of machine, we have data distribution, to conduct the F te...
Q: Elite Distributor magazine is currently working on determining the number of publications they shoul...
A: From the question, I would determine how many magazines are to be printed before the trade show, her...
Q: What is the minimum number of weeks required for completing the project? What is the latest possible...
A: D(duration)=given in the question as normal time ES (Early start)= The first activity from where the...
Q: Supply chains include all the processes needed to make a finished product. Discuss the previous with...
A: To make the finished goods, we would require raw materials and Internal processes, the supply chain ...
Q: Item SKU A3378 has a demand that is normally distributed during the lead time, with a mean of 360 un...
A: ITEM SKUA3378 Average demand during lead time, μ=360 Standard deviation during lead time, σ =12 Prob...
Q: solve for MAD, SSE, MSE, and MSE. (Note: express all answers using 4 decimal places if applicable)
A: Forecasting is the process of calculating the future demand by estimating using previous or historic...
Q: In Case A, 15 products are made by spending $1000 and in Case B, 10 products are made by spending $2...
A: Productivity is the proportion between total output value or units and total input values. The produ...
Q: For the following set of equation an initial BF solution can be 5 x, + 2 x2 +3 x3 + X4 = 9 X1 + 4 x2...
A: Given data: The set of equations 5X1 + 2X2 + 3X3 +X4 = 9 X1 + 4X2 + 2X3 +X5 = 8 2X1 +X3 +X6 = 11 T...
Q: The company L. Houts Plastics is a large manufacturer of injection- molded plastics in North Carolin...
A: Given data is
Q: Nkrumah Farms encompasses 900 acres, and is planning to grow groundnut, soybeans, corn, and wheat in...
A: Part (A): Decision Variable:Suppose-G be the no. of acres of land allocated to grow groundnutS be ...
Q: List & define the steps in the new product development process and the major considerations in manag...
A: A Small Introduction about Product Development Item improvement alludes to the total course of ta...
Q: 3. A manager checked production records and found that a worker produced 160 units while working 40 ...
A:
Q: Problem 2: A large aerospace manufacturer is planning to propose a sophisticated drone for induction...
A: Based on the time estimate and the predecessor relationships given, we prepare a project network dia...
Q: Setup a numerical example that can be used to demonstrate to the owner of the company how the center...
A: The center of gravity technique refers to an approach seeking to compute geographic coordinates for ...
Q: List 5 claims that are made in the advertisement for the ultrasonic pest repeller.
A: Advertising can be stated as the one-way communication approach whose purpose or motive is to inform...
Q: Explain the notion of project scope and the influence it has on the three constraints of project man...
A: A Small Introduction about Project Management Scope The undertaking the board "triangle" of degre...
Q: As a result of the Government of Bahrain's decision to close indoor restaurants, Maryam, a restauran...
A: Logistics management is described as a process of management of the supply chain through which custo...
Q: 4. What is the forecast for the 13th period based on the four-period moving average? Round your answ...
A: Given data is
Q: nere t for M
A: Predicted demands
Q: Q3) Southern Sporting Goods Company makes basketballs, soccer balls, and footballs. Each product is ...
A: Part (A): Decision Variable:Suppose-B be the no. of units of basketballs to be producedS be the no. ...
Q: Given the soft constraint X, + X2 +d* - d" = 45, which was originally the hard constraint X, + X2 = ...
A: Slack and surplus variables are referred to as Deviational Variables (di — and di +) in general prac...
Q: Is globalization a cure for poverty?
A: At the start of the 21st century, the world economy was estimated to be worth $60 trillion. Over 77,...
Q: vide an improvement to the product development function of the administrative group?
A: Product development is a knowledge-intensive activity that develops successful new goods by connecti...
Q: Case Study Questions: 1. Are the problems of moving people significantly different from the problems...
A: 1. Certainly the problems of moving people has a significant difference from problems of moving good...
Q: Describe two techniques that can be used to improve designs and optimize the reliability of products...
A: Reliability is the ability to perform consistently and trustworthily in an organization.
Q: Question 7 The information in this paragraph applies to this question and the three questions that ...
A: Re- order point consists of two components, Average inventory during lead time and the safety stoc...
Q: Valencia Products makes automobile radar detectors and assembles two models: LaserStop and SpeedBust...
A: Objective Functions and Constraints: Based on the given details, the objective funct...
Q: Calculate the efficiency of the newly design process.
A: A line balancing efficiency indicates the proportion between total task time and total workstation t...
Q: 2 For Maximization Problem: Section Sales D Employees A В C E 1 12 20 10 8 7 10 13 11 9 14 10 7 7 10...
A:
Q: a. Use the sales forecaster's prediction to describe a normal probability distribution that can be u...
A: Note: As per the Bartleby guidelines, only the first three parts have been answered.
Q: Pipes are installed in a process with two resources. The first resource has a capacity of 0.62 pipes...
A: Given data The capacity of the first resource (C1) = 0.62 pipes per hour Workers works in the firs...
Q: Your employer is trying to select from a list of possible capital projects. The projects, along with...
A: Let xi be the binary number whether the project i is selected if 1, 0 if not The NPV must be maximiz...
Q: Describe what factors you would consider in deciding to relocate and rank them in order of importanc...
A: Regardless of the fact that allowances and reimbursements for overseas assignments are costly, the f...
Q: can you give in details ,importance of work measurement
A: Work measurement is related to determining the time that is required to perform the work of the unit...
Q: Three jobs are to be scheduled on two machines A and B. Assume that the jobs are processed in the se...
A: Job A B 1 5 4 2 7 7 3 3 5
Q: (a) Compute the forecast sale using a = 0.20 and a = 0.35 respectively, (b) solve for MAD, SSE, MSE,...
A: Forecasting is the process of estimating the future demand using previous or historic data or inform...
Q: xplain the term “Constrained Optimization” as Thaler used in the first chapter of Misbehaving.
A: Constrained optimization is used in mathematical optimization . It is the process of optimizing an o...
Q: Define “TIIMWOOD” and explain any one of them with example. (Do not exceed 125 words)
A: Manufacturing is the process of producing finished products and services using raw materials and res...
Q: Give examples of Repetitve Work not a project and explain
A: A project in other words is a prototype with a goal to be achieved for the further growth of the cor...
Q: Activity Duration(days) Construct the network and find critical path. 1-2 1-3 2-4 3-4 3-5 4-9 5-6 5-...
A: A project network diagram is formed with the help of boxes and arrows. It shows the analytical relat...
Q: Find the forecast for April using Weighted Moving Average method given the below the actual sales in...
A: Weighted moving average is a forecasting method which helps to identify the forecasting using the we...
Q: What are the disadvantages and advantages of moving average technique and simple exponential smoothi...
A: Forecasting is an extremely important & significant part of company planning. It directs to the ...
Q: (a) Draw the activity network for this problem (b) Determine the Expected Times. (c) Determine the...
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for...
Compare and contrast descriptive, predictive, and prescriptive analytics.
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- Under what conditions might a firm use multiple forecasting methods?What are the differences between descriptive, predictive, and prescriptive analytics? Explain in detail with examples how each of these can be useful in the current business world.Provide an explanation for the operation of predictive analytics and a scenario in which it might be useful.
- Provide an explanation of the operation of predictive analytics and a practical application of the method.What is the primary distinction between business intelligence and analytics?The following should be considered: Consider if predictive analytics, such as the use of big data, would have succeeded in marketing if it had been used 15 years ago. Is there a reason why this is the case?
- What are the challenges and opportunities in analyzing and utilizing unstructured data in marketing analytics?What are the advantages of predictive analytics?In the context of CRM, what is the significance of predictive analytics, and how does it aid in making data-driven decisions for customer engagement and retention?
- How can predictive analytics be utilized in marketing to anticipate and predict future customer behavior trends?What is the difference between descriptive statistics and inferential statistics?Which types of application one can prefer to use Bagging and boosting methods for predictive analytics and how it can be used?