Identify which prescriptive analytics technique should be used to answer the following questions. Select from cash flow
Question:
Identify which prescriptive analytics technique should be used to answer the following questions. Select from cash flow analysis, marginal/incremental analysis, goal-seek analysis, or scenario analysis.
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Example of Prescriptive Analytics Does it make financial sense to do one more printing of this textbook? Or is it better just to stick with the stock of textbooks now at the warehouse? What are the long-term cash flow consequences of an investment in new equipment? How will the number of our customers in Russia be affected by changing exchange rates between the U.S. dollar and the Russian ruble? What grade do I need to get on the final exam to get an "A" in this class? What is the overall impact on our customers of all possible outcomes of a trade war with a specific country? What level of sales is needed to break even with zero net profits? Should Apple make or outsource the manufacturing of its iPhones? Prescriptive Analytics Technique (Cash Flow Analysis, Marginal/Incremental Analysis, Goal-Seek Analysis, or Scenario Analysis)
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Ashok Kumar Malhotra
Chartered Accountant - Accounting and Management Accounting for 15 years.
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Related Book For
Introduction To Business Analytics
ISBN: 9781265454340
1st Edition
Authors: Vernon Richardson, Marcia Watson
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