Solutions for Business Analytics
Problem 1.2CYU:
Define business analytics.Problem 1.4CYU:
What are the key benefits of using business analytics?Problem 1.5CYU:
What challenges do organizations face in using analytics?Problem 2.3CYU:
What is operations research/management science?Problem 2.4CYU:
How does modern business analytics integrate traditional disciplines of BI, statistics, and...Problem 2.5CYU:
What are the components of a decision support system?Problem 3.1CYU:
Define prescriptive analytics and provide two examples.Problem 3.2CYU:
Define prescriptive analytics and provide two examples.Problem 3.3CYU:
Define prescriptive analytics and provide two examples.Problem 4.3CYU:
Define big data and list the four characteristics of big data.Problem 4.4CYU:
Explain the concepts of data reliability and validity.Problem 5.1CYU:
Define a model and state three common forms of a model.Problem 5.6CYU:
What is the difference between uncertainty and risk?Problem 6.1CYU:
List the major phases of problem solving and explain each.Problem 6.2CYU:
What lessons did Hewlett-Packard learn about using analytics?Problem 4PE:
For each of the following scenarios, state whether descriptive, predictive, or prescriptive...Problem 5PE:
Suppose that a manufacturer can produce a part for 10.00 with a fixed cost of 5,000. Alternately,...Problem 6PE:
Use the model developed in Example 1.5 to predict the total sales for weeks 2 through 16, and...Problem 7PE:
A bank developed a model for predicting the average checking and savings account balance as balance...Problem 8PE:
Four key marketing decision options are price (P), advertising (A), transportation (T), and product...Problem 9PE:
Total marketing effort is a term used to describe the critical decision factors that affect demand:...Problem 10PE:
A manufacturer of headphones is preparing to set the price on a new design. Demand is thought to...Problem 1C:
PERFORMANCE LAWN EQUIPMENT In each chapter of this book, we use a fictitious company, Performance...Problem 1PEA:
Develop a spreadsheet for computing the demand for any values of the input variables in the linear...Problem 2PEA:
The Excel file Science and Engineering Jobs shows the number of jobs in thousands in the year 2000...Problem 3PEA:
A new graduate has taken a job with an annual salary of 60,000. She expects her salary to go up by...Problem 4PEA:
Example 1.2 in the chapter described a scenario for new product sales that can be characterized by a...Problem 5PEA:
Return on investment (ROI) is profit divided by investment. In marketing, ROI is determined as...Problem 6PEA:
In the Accounting Professionals database, use Excel functions to find the maximum number of years of...Problem 9PEA:
The worksheet Base Data in the Excel file Credit Risk Data provides information about 425 bank...Problem 10PEA:
The Excel file Store and Regional Sales Database provides sales data for computers and peripherals...Problem 11PEA:
Define range names for all the data and model entities in the Break-Even Decision Model spreadsheet...Sample Solutions for this Textbook
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More Editions of This Book
Corresponding editions of this textbook are also available below:
EBK BUSINESS ANALYTICS
2nd Edition
ISBN: 9780321997913
EBK BUSINESS ANALYTICS
2nd Edition
ISBN: 9780100659759
EBK BUSINESS ANALYTICS
2nd Edition
ISBN: 9780134174280
EBK BUSINESS ANALYTICS
2nd Edition
ISBN: 8220100659751
Business Analytics, 2nd Edn
2nd Edition
ISBN: 9789332582095
Business Analytics (2nd Edition)
2nd Edition
ISBN: 9780321997821
Business Analytics
1st Edition
ISBN: 9780132950619
Business Analytics
3rd Edition
ISBN: 9780135231715
BUSINESS ANALYTICS W/ACCESS
3rd Edition
ISBN: 9780136473848
EBK BUSINESS ANALYTICS
3rd Edition
ISBN: 9780135231906
BUSINESS ANALYTICS (LL)+MYSTAT. W/ETEXT
3rd Edition
ISBN: 9780136473879
EBK BUSINESS ANALYTICS
3rd Edition
ISBN: 9780136880844
MYLAB STATISTICS W/ ETEXT - BUS.ANALYTI
3rd Edition
ISBN: 9780135229293
Business Analytics, Loose-leaf Edition (3rd Edition)
3rd Edition
ISBN: 9780135231692
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