Please answer fast 1.The difference between forecasting and prediction. Please provide a forecasting problem statement and a predictive problem statement regarding sales for next week.
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Please answer fast
1.The difference between forecasting and prediction. Please provide a forecasting problem statement and a predictive problem statement regarding sales for next week.
2. The difference between operational and analytical reporting. Please provide an example of an operational report and an analytical report based on her
3. The difference between KPIs and metrics. Please provide her with an example of a KPI and a metric related to her business.
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- 3. With reference to the PizzaBase case study, which of the following is most likely list of attributes at the analysis stage? Choose only one option. (a) cola, base, price, size, lemonade, payment. (b) flavor, variety, payment, final, display, meal, tomato. (c) progress, variety, flavor, price, touchSensitive, size, drink. (d) base, price, variety, size, progress, flavor. 4. With reference to Figure 7.27, which diagram is the best model of Pizzas in the PizzaBase restaurant? Choose only one option. (a) Diagram 1. (b) Diagram 2. (c) Diagram 3.What is metric? Who analyses it? Why is it important? Explain the metrics for the analysis model.When building models for making predictions, suggest at least 4 important considerations on the data to ensure that our models are properly trained and evaluated. ?
- When you say "what-if analysis," what do you mean? Give an explanation of what you mean by the phrase. Is it feasible to plan capacity using a spreadsheet?The spreadsheet for Drano Plumbing Company was being prepared by Damon Davis. He estimated that the net income would be $50,000 in his calculations. His Total Balance Sheet Columns showed a deficit of $400,000 and a credit of $300,000, which he added together and calculated as follows: Who knows what the most likely reason was for this discrepancy. Shouldn't this be the case, what should he do to identify the source of the problem?You're going to develop an automated system for a medical supply company. How do you elicit data? Compile a list of the elicitation's outcomes. Briefly outline the interviewing procedure in light of your circumstance.
- Describe in your own words the basic elements of an analytics project strategy using pivot tables. What are important factors to consider when evaluating the results of a pivot table? Why is it important to understand the problem statement/objective before implementing a solution with pivot tables?Q. What is the purpose using Principal Component Analysis on big data with many features? What is the relationship between raw data and principal components? Are any two principal components correlated? Provide one example or application by principal component analysis?In the office of Drano Plumbing, Damon Davis was finishing off some paperwork. A net profit of $50,000 was predicted by him. The Balance Sheet showed a deficit of $400,000 and a credit of $300,000 when he added up the two columns. So, what do you think caused the findings to be so different? What more might he check to see whether that's the issue, if this wasn't the cause?