Listing of sales targets to manage the salesforce and plan future marketing strategies based on historical data.Listing expense categories to record how close the product is to budget across each category.For quick data intelligence, data analysis ToolPak gives a list of descriptive statistics which defines and describes business data, subsequently making data inspection an easy task for the modern enterprise.īusiness Applications of Excel Data Analysis Statistical Data Analysis for business includes a collection of statistical functions, besides a Data Analysis ToolPak that saves additional steps and valuable time of analysts.ĭata Analysis tool helps businesses with concise data inspection and lets the user perform a variety of operations instantly. This mighty analysis tool finds its use to solve a broad range of business problems that range from stock analysis, data visualization, budget planning, record maintenance, and fiscal result reporting. So, the Clear Answers and Start Over button below will not work.Excel as a data analysis tool solves numerous business problems and derives value for enterprise.Įxcel is a powerful tool adapted to business processes worldwide. Your browser either does not support scripting or you have turned scripting off. The Clear Answers and Start Over feature requires scripting to function. The following Submit Answers for Grading button is provided in its place and will clear your answers: So, the Submit Answers for Grading button below will not work. The Submit Answers for Grading feature requires scripting to function. Which of the following values indicates 'reasonable consistency'? When the technique called analytic hierarchy process (AHP) is applied to solve a decision problem the consistency ratio (CR) is calculated. When the technique called analytic hierarchy process (AHP) is applied to solve a decision problem the pairwise comparison of decision alternatives assigns values from 1 to 9 where the preference called 'extremely preferred' : When the technique called analytic hierarchy process (AHP) is applied to solve a decision problem the best decision is the one with the : The following problem would be classified as what type of model? In a goal programming model, what type of goals are required when lower priority goals are to be consider after higher priority goals? If goal programming were used for a problem with five different goals, then P 5 would be the objective function coefficient for the goal with the highest priority.Įxcel's Solver uses what method to solve NLP problems? Satisficing is the process of coming as close as possible to satisfying a set of constraints. Optimal solutions will always be found for NLP problems. In the weighted goal approach, the problem reduces to a simple linear programming model. Quadratic programming is a special case of:
In a goal programming model, when all goals are considered simultaneously, what type of goals are being used in the formulation?
What is the value in the first row, second column? Solutions with weighted goals and ranked goals will always be the same.ĭeviational variables are zero if a goal is completely achieved.Ĭonsider the following pairwise comparison matrix for a decision criterion: In using Excel's Solver for quadratic programming, the Assume Linear Model box is checked. In goal programming we want to maximize or minimize deviational variables. Which of the following statements is true? The analytic hierarchy process is particularly well-suited for approaching problems like:įinding the optimal production schedule for a manufacturer.ĭetermining the optimal shipping schedule for a distributor. Goal programming problem with ranked goals. Goal programming problem with weighted goals.
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