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Spreadsheet Modeling & Decision Analysi...

8th Edition

Cliff Ragsdale

Publisher: Cengage Learning

ISBN: 9781305947412

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Problem 1QP:

What is meant by the term decision analysis?

Problem 2QP:

Define the term computer model.

Problem 4QP:

Define the term business analytics.

Problem 9QP:

What is a dependent variable?

Problem 10QP:

What is an independent variable?

Problem 11QP:

Can a model have more than one dependent variable?

Problem 16QP:

How would you define the words description, prediction, and prescription? Carefully consider what is...

Problem 17QP:

Identify one or more mental models you have used. Can any of them be expressed mathematically? If...

Problem 18QP:

Consider the spreadsheet model shown in Figure 1.2. Is this model descriptive, predictive, or...

Problem 19QP:

Discuss the meaning of the phrase probortunity.

Problem 20QP:

What are the steps in the problem-solving process?

Problem 22QP:

Must a model accurately represent every detail of a decision situation to be useful? Why or why not?

Problem 23QP:

If you were presented with several different models of a given decision problem, which would you be...

Problem 24QP:

Describe an example in which business or political organizations may use anchoring effects to...

Problem 25QP:

Describe an example in which business or political organizations may use framing effects to...

Chapter 1 - Introduction To Modeling And Decision AnalysisChapter 2 - Introduction To Optimization And Linear ProgrammingChapter 3 - Modeling And Solving Lp Problems In A SpreadsheetChapter 4 - Sensitivity Analysis And The Simplex MethodChapter 5 - Network ModelingChapter 6 - Integer Linear Programming

Written by the innovator of the spreadsheet teaching revolution and highly regarded leader in business analytics, Cliff Ragsdale's new edition of SPREADSHEET MODELING AND DECISION ANALYSIS: A PRACTICAL INTRODUCTION TO BUSINESS ANALYTICS retains the elements and philosophy of past success while now helping your students transition to business analytics. SPREADSHEET MODELING AND DECISION ANALYSIS, 8E's updates work seamlessly with Microsoft Office Excel 2016. Succinct instruction highlights the most commonly used business analytics techniques and clearly demonstrates how to implement these tools with the most current version of Excel for Windows. This text focuses on developing both algebraic and spreadsheet modeling skills. This edition now features Analytic Solver and XLMiner Platforms with powerful tools for performing optimization, simulation and decision analysis in Excel, as well as complete tools for performing data mining in Excel and techniques for predictive analytics.

We offer sample solutions for Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Business Analytics (MindTap Course List) homework problems. See examples below:

What is meant by the term decision analysis?An LP model can have more than one optimal solution. Is it possible for an LP model to have exactly...In creating the spreadsheet models for the problems in this chapter, cells in the spreadsheets had...Howie Jones used the following information to calculate the profit coefficients for Aqua-Spas and...As shown in Figure 6.1, the feasible region for an ILP consists of a relatively small, finite number...

Corresponding editions of this textbook are also available below:

EBK SPREADSHEET MODELING AND DECISION A

7 Edition

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Spreadsheet Modeling & Decision Analysis

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Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Management Science (with Printed Access Card) - 6th Edition

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Mindtap Business Analytics, 1-term (6 Months) Printed Access Card For Ragsdale's Spreadsheet Modeling & Decision Analysis, 8th Edition

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