Question: Business analytics uses business modelling, data analysis, optimization and simulation to make prediction. Explain why business analytics is an important field of study. (4 marks)

Business analytics uses business modelling, data analysis, optimization and simulation to make prediction. Explain why business analytics is an important field of study. (4 marks) (b) Differentiate with appropriate examples, a static and a dynamic system. (4 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

1. Business analytics uses business modelling, data analysis, optimization and simulation to make prediction. Explain why business analytics is an important field of study. (6 marks) 2.Differentiate...

The objective of the Homework assignment is to provide an opportunity to apply or practice the tools and techniques covered in the course and to provide an opportunity to articulate key concepts...

I want you to summerize these 7 items. !Please be different from other answers! !Please get a little quick! Thanks. You should summarize the 7 items in the photo. Max 125 words! reading 1....

You should summarize the 7 items in the photos. Max.250 words! !Different answer another chegg answer please! 1. Introduction currently missing from the literature (Trioman et al. 2010: De mirkan and...

READ THE ARTICLE THAT IS LISTED BELOW THEN: Pretend you are in favor of this article and discuss these questions: -what skills are needed to integrate and use analytic systems -procedures needed to...

SECTION A Read the extract below and Answer ALL the questions in this section. Defining a digital twin in a supply chain context Supply chains have been experiencing technological transformations on...

Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...

Identify digital transformation theories mentioned in the article SMR JOURNAL OF SERVICE B 20280 MANAGEMENT RESEARCH SMR . Journal of Service Management Research . Issue 02/2018 EDITORS Digital...

SECTION A [40 MARKS] Read the extract below and Answer ALL the questions in this section. Defining a digital twin in a supply chain context Supply chains have been experiencing technological...

Defining a digital twin in a supply chain context Supply chains have been experiencing technological transformations on a scale unlike any seen before. Industry 4.0, additive manufacturing, advanced...

Discuss the effort of the national and county government in mobilizing resources towards environmental conservation.

Suppose that f is a differentiable function with fx(0,0) = 8 and fy(0,0) = 7. Let w(u, v) = f(x(u, v), y(u, v)) where x = 5 cos u + 7 sin v and y = 7 cos u sin v.

Hot assets include cash, inventory, and accounts receivable. True False

Griffith is getting ready for a summer trip to the beach but needs a new pair of sandals. He checks his email for a digital coupon for one of his favorite footwear stores. After browsing the online...

List some of the critical tips for dealing with angry people and how you can prevent personal violence.

List the four situational supervisory styles and the four variables to consider in selecting the appropriate communication style.

Identify the differences between passive, aggressive, and assertive behavior.