Author Question: Business ________ applications allow managers to interactively work with current and historical data ... (Read 116 times)

lracut11 · **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?

aburgess · **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.