Question: ASSIGNMENT 1 ) Decision Theory which examines the expected value of a set of decisions, based upon certain philosophies under uncertainty or risk. 2 )

ASSIGNMENT
1) Decision Theory which examines the expected value of a set of decisions, based upon certain philosophies under uncertainty or risk.
2) Regression Analysis which examines the relationship between a dependent variable and one or more independent variables to determine the predictive ability of the model (can also use on time series data).
3) Linear Programming creating objective function and constraints to a problem and running solver (production mix, marketing, finance, or transportation)
4) Project Management one time or three time estimates, probabilities of completion
5) Forecasting decomposition only, unless trying different techniques with MAD
and discussing the benefits/disadvantages of each technique

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