Question: Topic 4 Forecasting, optimisation and simulation 1. Describe the purpose of forecasting using examples for three distinct approaches 2. Define optimisation and provide an example

Topic 4 Forecasting, optimisation and simulation 1. Describe the purpose of forecasting using examples for three distinct approaches 2. Define optimisation and provide an example of the techniques use in operations 3. Define simulation and provide an example of the techniques use in operations 4. Explain with an example how data may be used to support a holistic approach to a complete operational system

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