Discussion Post: Business Intelligence
Excel is probably the most popular spreadsheet software for PCs. Why? What can we do with this package that makes it so attractive for modeling efforts?
• How does prescriptive analytics relate to descriptive and predictive analytics?
• Explain the differences between static and dynamic models. How can one evolve into the other?
• What is the difference between an optimistic approach and a pessimistic approach to decision making under assumed uncertainty?
• Explain why solving problems under uncertainty sometimes involves assuming that the problem is to be solved under conditions of risk.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.