STATS 139 (STATS139)

1. The decision-making concepts covered in Data Analysis & Decision Making book include which of the following? a. Optimization techniques c. Structured sensitivity analysis b. Decision analysis with uncertainty d. All of these options ANS: D PTS: 1 MSC: AACSB: Analytic 2. Which of the following statements is not true? a. Dealing with uncertainty includes measuring uncertainty b. Dealing with uncertainty includes modeling uncertainty explicitly into the analysis. c. Dealing with uncertainty inc...

1. Forecasting models can be divided into three groups. They are: a. time series, optimization, and simulation methods b. judgmental, extrapolation, and econometric methods c. judgmental, random, and linear methods d. linear, non-linear, and extrapolation methods ANS: B PTS: 1 MSC: AACSB: Analytic | AACSB: Time Series Data 2. Extrapolation methods attempt to: a. use non-quantitative methods to predict future values b. search for patterns in the data and then use those to predict future values c...

1. Which of the following does not represent a broad class of applications of linear programming models? a. Blending models b. Financial portfolio models c. Logistics models d. Set covering models e. Forecasting models ANS: E PTS: 1 MSC: AACSB: Analytic 2. Many organizations must determine how to schedule employees to provide adequate service. If we assume that an organization faces the same situation each week, this is referred to as a. static scheduling problem b. dynamic scheduling problem c...