QAWK 2 and 3

Select an organization you have worked for or any organization of interest and discuss how decision analysis could be used to solve a business problem.

Describe a decision tree and discuss how such a tool can be utilized to improve decision making.

Assignment 2: Due 12 Jan 2016

Answer the following questions in 1 to 2 pages

1.What benefit does a variable provide when developing and examining models?

2.Explain the purpose of simple linear regression and scatter diagrams. Please provide a simple linear regression model and define each variable used.

3.Describe multiple regression analysis and discuss potential uses for this model

Forecasting (75-150 Words) Due 17 Jan 2016

Discuss the different types of forecasts to include time-series, causal, and qualitative models.

When might a researcher or project manager utilize exponential smoothing?

What benefit does a Delphi technique provide when working with qualitative-based decision making?

Assignment 3: Due 19 Jan 2016

Answer the following questions in 1 to 2 pages

1.Discuss the importance of inventory control with respect to supply and demand.

2.What benefit can tools such as ABC analysis and just-in-time controls provide for an organization?

3.How can an enterprise resource planning system assist a firm with improving its business operations?