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Author Question: Business ________ applications allow managers to interactively work with current and historical data ... (Read 72 times)

lracut11

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on: Jul 7, 2018
Business ________ applications allow managers to interactively work with current and historical data to discover patterns and trends to help their decision.
 
  Fill in the blank(s) with correct word

Question 2

How is goal-seeking analysis different from what-if analysis and how do they function?
 
  What will be an ideal response?


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aburgess

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Reply #1 on: Jul 7, 2018
Answer to Question 1

intelligence

Answer to Question 2

A what-if analysis builds a model that establishes relationships between many variables and then changes some of the variables to see how others are affected. Goal seeking is similar to what-if analysis, but in reverse. Instead of estimating several variables and calculating the result, the user sets a target value for a particular metric, such as profit/loss, and tells the program which variable to change to try to reach the goal.


lracut11

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Reply 2 on: Jul 7, 2018
Thanks for the timely response, appreciate it

dyrone

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Reply 3 on: Yesterday
Wow, this really help

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