Explain how the predictions made using analytics are somewhat different than those from traditional forecasting models? Are the data used differently? Are the types of predictions different?

Answers

Answer 1

Predictive analytics is more about consumer behavior and may use explanatory variables to predict outcomes, whereas traditional forecasting is all about the numbers and uses level, trend, and seasonality observations to predict outcomes.

Advanced predictive analytics can take into account an infinite number of fundamental factors at once and uses a combination of models and techniques to analyze larger data sets with many more attributes. Traditional demand planning uses one hierarchy and one best fit model to forecast the current product, which is somewhat constrained in terms of approaches and inputs.

With the help of advanced predictive analytics, it is possible to forecast product sales as well as pricing, market share, the weather, conversion rates, advertising, in-store merchandising, and a wide range of other variables at a variety of dynamic hierarchies using similar algorithms and approaches. Historically, traditional demand planning has been used as a trustworthy single point signal to produce or buy products and manage inventory levels by giving an item's projected sales.

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Related Questions

what is a good way to handle prospective clients

Answers

Answer:

start controlling the conversation before you even talk to perspective client

set up Parametres when you talk to prospective clients

create your own structure

the bottom line

Kai found out that she is paid less than the other interns in her company. She is considering why this may be by thinking about her input and outcomes. Kai is using
Multiple Choice

a.) a mental ledger.

b.) occupational equity.

c.) job equity.

d.) income distress.

e.) comparison equity.
Incorrect

Answers

Kai is using comparison equity. The stock value of a company should be somewhat comparable to other equities in the same class produce . This requires using discounted cash flow to compare a company's equity to that of its rivals or companies operating in a similar industry.

The projected future cash flows made using net present value are what determine a comparison equity worth. Equality is the practice of providing each person or group with the same resources and company opportunities. Equity allocates the precise resources and opportunities required to produce an equal result while taking into account the fact that each person has specific circumstances. In contrast to equality, which refers to giving everyone the same thing.

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Rebecca Siddoway own and operate Country Candies. Siddoway specializes in making rich, creamy toffees that she packages in attractive gift boxes and sells through the mail. What would be the advantage to Siddoway if she decides to incorporate her business?
1) Corporations have fewer government restrictions and regulations.
2) Corporations have guaranteed loans for expansion.
3) Corporations pay lower and fewer taxes.
4) Corporations have an enhanced ability to attract financing.
5)Customers and suppliers would treat her with greater respect if she operated her business as a corporation instead of a sole proprietorship.​

Answers

The advantage to Siddoway if she decides to incorporate her business is Corporations have an enhanced ability to attract financing.

A Corporations is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and legally recognized as such for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now permit the formation of new companies by registration.

The company is managed and supervised by its directors and officers. Directors are appointed by shareholders and are responsible for the overall management and corporate governance of the company. The directors appoint officers who are responsible for the day-to-day management and operations of the company.

A Corporations company consists of shareholders, a board of directors and officers. When incorporating a company, owners and managers must be organized and given responsibilities and rights according to the rules laid down in the state corporate law.

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Opportunity cost is _____.

the cost of business itself
the cost of travel, entertainment and other activities that provide an opportunity for recreation
the cost of an alternative product or service that cannot be acquired because the available funds were used for another purpose
none of the above

Answers

Opportunity cost is the cost of an alternative product or service that cannot be acquired. Opportunity cost is frequently referred to as the second-best option.

The loss of gain that would have been realised if a different option had been chosen is sometimes product referred to as the alternative cost. The loss of benefit as a result of a change in choice is another way to explain it. The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.

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Sports Socks has a policy of always paying within the discount period and each of its suppliers provides a discount of 2% if paid within 10 days of purchase. Because of the purchase policy, 85% of its payments are made in the month of purchase and 15% are made the following month. The direct materials budget provides for purchases of $132,000 in November, $299,000 in December, $239,000 in January, and $227,000 in February. What is the balance in accounts payable for January 31, and February 28?

Ending Balance
January $
February $

Answers

The balances in the Sports Socks' accounts payable are as follows:

January = $35,850February = $34,050.

How are the balances computed?

The accounts payable balances for January and February are 15% of the month's purchases, which are left unpaid within the purchase month.

Sports Socks takes advantage of the 2% discount for prompt payment to settle 85% of all purchases for the month.  This leaves 15% of each month's purchases unsettled until the following month.

Direct Materials Budget

                                   November    December    January    February

Purchases                   $132,000     $299,000   $239,000  $227,000

Cash Payments:

85% Purchase month $112,200      $254,150    $203,150   $192,950

15% Following month                           19,800       44,850       35,850

Balances in Accounts Payable:

January = $35,850 ($239,000 x 15%)

February = $34,050($227,000 x 15%)

Thus, Sports Socks reduces its cost of purchases by paying 85% within the discount period and accesses a short-term credit of 15% of its purchases.

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An income statement compares: a) revenue and sales. b) sales and expenses. c) expenses and assets. d) assets and liabilities

Answers

The purpose of an income statement is to compare b) sales and expenses.

What is an income statement?

An income statement is a financial statement that a company uses to find out how much profit they have made over the course of an operating period which is often a year.

The first entry into an income statement is sales. This can also be called service revenue for service providing companies. Expenses are then deducted from this revenue to find out the net income. This means that an income statement compares revenue / sales and expense.

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Employees who are part of the chain of command that is responsible for achieving organizational goals.

Answers

Managers are responsible for helping the business achieve goals.

If you were the general manager, what process would you go through to determine a new concept for the Hunt Room?

Answers

If I were the general manager, I'd carry out market research to find a fresh idea for The Hunt Room that would work.

How marketing research is helpful for The Hunt Room?First, after recognizing the issue—a reduction in overall revenue and customer satisfaction—I would perform some research and create goals for the business. My team and I would next create a research plan, analyze what exactly is lacking, and determine who is involved in any modifications. Additionally, as the manager, I would do research and get advice from The Hunt Room's owner as well as the club's members. Furthermore, my team and I would analyze and interpret the material once it had been gathered. The Hunt Room's innovative concept will eventually be put into effect and carried out.

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According to the U.S. Department of homeland security what is an essential worker

Answers

Essential workers are those who do a variety of tasks and provide services that are often required to maintain critical infrastructure operations, according to the US Department of Homeland Security.

What is homeland security?Enhancing American security is a goal of the Department of Homeland Security. Customs, border, and immigration enforcement, disaster relief for both natural and man-made disasters, counterterrorism activities, and cybersecurity are all tasks carried out by the Department.The DHS Strategic Plan creates a consistent framework for the Department's management decisions, including strategic direction, operational requirements, budget formulation, yearly performance reporting, and mission implementation.These powers are used by HSI to look into a variety of transnational crimes, such as terrorism, threats to national security, the trafficking of controlled substances, international gang activities, the exploitation of children, and the illicit export of technology.

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2. Find the single equivalent discount for the series discount 25/5/5.

Answers

The single equivalent discount for the given series is 32.32%

Single  discounts are commonly called  as “one-off” discounts that the  business offers to customers or clients when their buying  meet a specific condition that would trigger that discount.

Calculating:

Let the market price of the article be 100

Then , a single discount equivalent to discount series is

=  (100  - [tex]\frac{100-25}{100}[/tex]  × [tex]\frac{100- 5 }{100}[/tex] × [tex]\frac{100 - 5 }{100}[/tex] × 100)%

=( 100- [tex]\frac{75}{100}[/tex] ×[tex]\frac{95}{100}[/tex] × [tex]\frac{95 }{100}[/tex] × 100)%

=(100- 0.75× 0.95× 0.95× 100) %

=(100 - 67.68) %

= 32.32%

The discount equivalent is 32.32%

What is trade discount with example?

Trade discount  is a reduction in the published price of the product. For instance , a high-volume wholesaler might be entitled to a higher discount in comparison to  a medium or low-volume wholesaler. Usually, a retail customer will not get  any discount and must pay all the  published price.

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True or False: Companies that rely on secondary data are using the most expensive type of data available in the research process.

Answers

I’m gonna say True.

Explain the advantages of Mobile Health (mHealth)technology.

Answers

The advantage of Mobile Health technology is the spot hospital is gathered and approved by the same.

What is technology?

Technology is the art of generating anything that is more advanced and current in terms of its usage, efficiency, and timekeeping. It can be characterized as the use of understanding data and technical procedures to this end.

Mobile Health technology gives computerized replenishment or prescription notifications, as well as instructional materials, that increase the likelihood that patients will complete their drugs as prescribed. This will lead them to people getting care instantly.

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There are four hallmarks of an effective marketing mix: it matches customer needs, matches corporate resources, creates a competitive advantage and is well

Answers

Product, pricing, place, and promotion are the four basic pillars of a marketing strategy, often known as the marketing mix corporate or the four P's of marketing. The four Ps are product, pricing, place, and promotion.

They serve as an example of a "marketing mix," which is the set of tools and strategies used by marketers to achieve their marketing objectives. The 4 Ps were first formally proposed by E in 1960. corporate alter their marketing mix in an effort to convince management that their product is better than that of their competitors. The purpose of these changes is to gain a competitive advantage.

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Mbale Ktwame has cumulative wages for the year of $113,300 prior to the current payroll. His current monthly salary = $7,250. Calculate the HI portion of FICA taxes on his current wages.
a.$322.40
b.$210.26
c.$27.55
d.$105.13

Answers

If Mbale Ktwame has cumulative wages for the year of $113,300 prior to the current payroll. His current monthly salary = $7,250. the HI portion of FICA taxes on his current wages is: d.$105.13

FICA taxes

Using this formula to determine or find the his Health Insurance (HI) portion of FICA taxes.

FICA taxes = Current monthly salary × 1.45%

Where:

Fica taxes = 1.45%

Current monthly salary = $7,250

Let plug in the formula

FICA taxes =($7,250 × 1.45%)

FICA taxes  = $105.125

FICA taxes = $105.13 (Approximately)

Therefore the correct option is d.

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A sports car traveled a distance of 312 miles in 6 hours. Traveling at the same speed, what distance would this sports car travel in 8 hours? (5 points)

a
234 miles
b
360 miles
c
416 miles
d
474 miles

Answers

A sports car traveled a distance of 312 miles in 6 hours. Traveling at the same speed, distance that this sports car would travel in 8 hours will be 416 miles

It is calculated as below:

Calculation of miles per hour= total distance/total hours taken

=312/6

= 52 miles per hour

Calculation of total distance= Distance travelled in one hour* No. of hours

= 52 x 8 = 416 miles

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Two kinds of type style include ________ and ________.

Answers

Two kind of type style( typeface ) include  serif and sans serif

Serifs determines  the small features at the end of strokes within the  letters. The printing industry means  to typeface without serifs and sans serif

Typeface :

A typeface is that the design of lettering that can include variations in size, weight (e.g. bold), slope (e.g. italic), width (e.g. condensed), and so on. Each of those variations of the typeface is a font. There are thousands of various typefaces in existence, with new ones being developed constantly.

Serif typeface :

Typefaces with serifs are also considered to be  easier to read in long passages than those without. Studies on the term  are ambiguous, suggesting that the majority of this effect is due to the greater familiarity of serif typefaces.

Sans serif typeface :

Sans serif typefaces are taken more modern than serif typefaces. They lack the strokes that differentiate  a serif typeface, hence the utilization of the French word "sans," which suggests “without.” Helvetica typefaces are also used to signify something clean, minimal, friendly, or modern.

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A decrease in the Supply of Loanable
Funds increases the interest rate. With
which of the following does this
correlate?
A. leftward shift in supply
B. rightward shift in supply
C. no shift in supply

Answers

A decrease in the supply of loanable funds causes a leftward shift in the supply curve.

Hence, Option A is Correct

A movement to the left on the demand curve indicates a decline in the demand for loanable funds. The amount of loanable money will decline, and real interest rates will rise, as a result of these two changes.

The actual interest rate will decline as loanable funds become more plentiful.

The actual interest rate will rise as the availability of loanable money declines.

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Hay, Bee and Cee are partnership sharing profits in the ratio of 5:3:2.
Before Bee's salary of $17,000, the firm's profit is $97,000. How much in
total will Bee receive from the firm as his share of profit?

Answers

Ratio of profit sharing:

Hay: Bee: Cee=5:3:2

5/10 is Hay's Share.

Bee's Share equals 3/10.

2/10 is Cee's Share.

Salary plus Share of Profit is the total amount Bee will receive from the company as his Share of Profit.

Bee's salary is $17,000.

Before Bee's compensation, the company's profit was $97,000.

• Profit after salary:

= 97,000 - 17,000

= 80,000

Profit after salaries: 80,00

• Bee's Share:

= 80,000 × (3/10)

= 24,000

The sum Bee got was calculated as follows: Salary + Profit Share.

= 17,000 + 24,000

= 41,000

Bee has received $41,000 in total.

Therefore Bee will be paid $41,000 by the company

What is profit sharing ratio?

The new profit sharing ratio is the ratio in which the old and new partners concur to split the profit and loss proportion in the future following the addition of the new partner. A new partner only gets a few things when joining an established partnership company.

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Pierce meets all the requirements and qualifies for the Senior Head of Household Credit. His California adjusted gross income is $79,000 and his taxable income on line 19 of his Form 540 is $72,000. Therefore, his Senior Head of Household Credit for 2021 is what amount?

Answers

You will pay $13,029 in taxes if you earn $72,000 a year and reside in the state of California in the USA. Your marginal tax rate is 12%, but your average tax rate is 8.47%. Your immediate new income will be subject to this rate of marginal taxation.

How in California do you pay taxes?

The state's sales tax rate ranges from 7.25% to 10.75%, and its income tax rates from 1% to 12.3%. The state of California provides tax breaks and credits, such as the standard deduction, the itemized deduction, the earned income tax credit, the child and dependent care credit, and the tax credit for college access, to help you pay less in taxes.

Is California a state that is tax-friendly?

The highest state sales tax in the country is the 7.25% rate in California. Local sales taxes, which can be up to 2.5%, aren't too high. The average total state and local rate, according to the Tax Foundation, is 8.828%, which is high.

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Using credit cards responsibly can help a consumer establish a good credit rating.
True
False

Answers

Answer:

true

Explanation:

good credit comes from the ability to pay the bills that you put on your credit card when purchasing things

does the achievement of goals in an organisation depend on how it is managed?​

Answers

The achievement of goals in an organization depends mainly on how it is managed because effective management leads to the attainment of organizational goals.

What are organizational goals?

Organizational goals are described as objectives that are highly strategic for an organization, it allows the management to carry out activities, and tasks in a manner that will allow the attainment of the objectives. It is important to mention that the goals of an organization include the expected results and objectives that are to be achieved.

Achievement of the goals in an organization is entirely dependent on how effectively the organization is managed. When the top-level managers, the middle-level managers, and the employees work cohesively, the work can be managed and completed with more efficiency. This will collectively allow an organization will progress and achieve its goals.

It can be concluded that the achievement of goals in an organization depends mainly on how it is managed because effective management leads to the attainment of organizational goals.

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a. Would it be harder to rate the instructors’ performance or to rank their performance? Why?

Answers

It would be harder to rank the instructor's performance because the other instructors being ranked could have more experience, or better ability, compared to the one you are assessing at the moment.

which of the following is not a internal control that should be applied when business takes a physical account of inventory?

Answers

The people who are in charge of the inventory should be the counters.

An real count of the stock of items is called a physical inventory. As well as requesting third parties for counts of inventory goods that have been consigned to them, this may entail counting, weighing, and other types of measurement of the things. The practice of doing a physical inventory allows you to check if the inventory amounts listed in the SAP system match up exactly or whether there are discrepancies. In essence, after physical inventory is complete, your system and physical stock levels must match. Along with the quantity of tags and adjustments needed for each subinventory, it gives a summary of physical inventory adjustment values by date and subinventory.

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Most businesses follow a logical process when performing the planning function. it is important
to understand ____________ before embarking upon creating future long term goals,
objectives, and strategies.

Answers

ANWSER: THE CURRENT SITUATION.

Most businesses follow a logical process when performing the planning function. It is important to understand ______________________, before embarking upon creating future long-term goals, objectives, and strategies

Be prepared for any interviewing emergencies by bringing an interview survival pack.


Please select the best answer from the choices provided

T
F

Answers

T

It's good to know the basis of what you ate interviewing.

pls help i will give branlyist and 100 points
Include the following:: The name of the career Some information you learned from research Education a person needs to get this type of job Skills a person needs to get this type of job How people in this job use technology

Answers

The name of the career that I have learned from research Education  is guidance counsellor.

The Examples of guidance counselor skills are:

Effective communication skills.Problem-solving skills.Friendliness.Empathy.Trustworthiness, etc.

What are the roles of a guidance Counsellor?

Guidance or school counselors help students with their academic, professional, and social needs while frequently gaining a full grasp of a person through interviews and aptitude tests. In order to guarantee a student's academic achievement, they often work in cooperation with parents, teachers, and administrators.

When necessary, a guidance counselor helps out at activities like field trips or dances and fosters dialogue about behavior issues between parents, teachers, and administration. Their dedication to the children and meeting their needs is their top priority.

Therefore, A guidance counselor is a specialist who works in educational settings such as schools or colleges and offers students guidance on matters such as academics, relationships, and careers. They aid in the assessment of their pupils' potential abilities to raise their self-esteem and prepare them for success in their future undertakings.

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The effect of COVID 19 are felt in the households as many loses their jobs, businesses have decline of incomes and there are a lot of restrictions in movements which cause the consumption of goods and services to reduced. Along this premise, how can the financial system help the households and businesses in this time of pandemic?


Answers

Banks decreased loan rates to 1% to boost economic activity in reaction to the economic effects of COVID-19. These actions benefit consumers and companies.

How COVID 19 affected economy?During the coronavirus pandemic in 2020, 6.0 percent of businesses postponed some of their budgeted capital expenditures, 9.7 percent delayed them, 8.2 percent cut them, and 1.5 percent raised them. An overall 1.7% of businesses made new, unplanned capital investments.The COVID-19 pandemic has had a substantial impact on the world economy. According to the International Monetary Fund (IMF), the global economy suffered its worst economic downturn since the Great Depression between 2019 and 2020, with a 3.9% decline in median GDP worldwide.

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Timmy Tappan is single and had $207,000 in taxable income. Using the rates from Table 2.3 in the chapter, calculate his income taxes

Answers

Timmy tappan= by incomes taxes is $35,000

Which practice is more likely to be used by a MNC rather than a small international company?

Answers

Answer:

Explanation:

A firm using a global strategy sacrifices responsiveness to local requirements within each of its markets in favor of emphasizing efficiency. This strategy is the complete opposite of a multidomestic strategy. Some minor modifications to products and services may be made in various markets, but a global strategy stresses the need to gain economies of scale by offering essentially the same products or services in each market.

Microsoft, for example, offers the same software programs around the world but adjusts the programs to match local languages. Similarly, consumer goods maker Procter & Gamble attempts to gain efficiency by creating global brands whenever possible. Global strategies also can be very effective for firms whose product or service is largely hidden from the customer’s view, such as silicon chip maker Intel. For such firms, variance in local preferences is not very important.

You are a newspaper publisher. You are in the middle of a one-year factory rental contract that requires you to pay $500,000 per month, and you have contractual salary obligations of $1,000,000 per month that you can’t get out of. You also have a marginal printing cost of $0.35 per paper as well as a marginal delivery cost of $0.10 per paper.

please look at the attached image, I would love some help because I'm confused!

Answers

If sales fall by 20 % from 1,000,000 papers per month to 800,000 papers per month, the AFC per paper will rise from $1.5 per paper to $1.875 per paper.

Since the marginal printing cost is $0.35 per paper and the marginal delivary cost is $0.10 per paper.It will not be affected with a decrease in the sales of paper per month

If the sales decrease from 1,000,000 to 800,000 then for break-even point, the minimum price charged will increase from $1.95 per paper to $2.325 per paper

How to calculate the value?

Total fixed cost = 500,000+ 1,000,000

=$ 1,500,000 per month

If the sales of paper falls from 1,000,000 per month to 800,000 paper per month.

AFC= total cost / quantity of paper

if salesis 1000,000

AFC=1,500,000/1,000,000

=$1.5 per paper

If sales is 800,000

AFC=1,500,000/800,000

=$1.875 per paper

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