Due wed

HW Cht$.1$

BUSA$2120,$ J$.$ Wang

Name Enily Haines

Page. $30.$ #$4,5,7,10.$ Do these problems here below.

#$4.$ For each of the following scenarios, state whether descriptive, predictive, or prescriptive analytics tools would most likely be used. $($Choose your answer for each question.$)$

a$.$ The chief financial officer for a small manufacturing firm would like to estimate the net profit that the firm could expect over the next three years.

i$)$ descriptive analytics

$($ii$)$ predictive analytics

iii$)$ prescriptive analytics

b$.$ A human resource manager needs to understand whether the company's current employee mix has the skills and capabilities needed to achieve the goals laid out by a new strategic plan.

i$)$ descriptive analytics

ii$)$ predictive analytics

iii$)$ prescriptive analytics

c$.$ A financial advisor would like to develop the best mix of stocks, bonds, and other investments for a client to achieve a comfortable level of risk.

i$)$ descriptive analytics

ii$)$ predictive analytics

iii$)$ prescriptive analytics

d$.$ A large service firm wishes to determine how to invest the cash received from its financial product to achieve the best return.

i$)$ descriptive analytics

ii$)$ predictive analytics

iii$)$ prescriptive analytics

e$.$ A logistics company wants to better understand the relative profitability of its numerous customers over the past three years.

i$)$ descriptive analytics

ii$)$ predictive analytics

iii$)$ prescriptive analytics

f$.$ A disaster relief agency needs to allocate its budget for the next year among various relief efforts and programs.

i$)$ descriptive analytics

ii$)$ predictive analytics

iii$)$ prescriptive analytics

g$.$ An automobile company would like to determine the number of vehicles it could sell next year based on the proposed price.

i$)$ descriptive analytics

ii$)$ predictive analytics

iii$)$ prescriptive analytics

h$.$ A baseball team would like to set ticket prices for different sections in its stadium to attract the highest number of fans throughout the season.

i$)$ descriptive analytics

ii$)$ predictive analytics

iii$)$ prescriptive analytics

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