Concepts Flashcards
1
Q
Types of data analytics
A
Descriptive
What happened
diagnostic
Why did it happen
predictive
What will happen
prescriptive
What should I do
2
Q
shadow price
A
the shadow price tells us how much the objective function value would change if the RH changes by one
3
Q
columned named final value on sensitivity report constraints table is actually:
A
left hand side value
4
Q
what is the limitation of shadow price
A
for the shadow price to work. the change on the RHS needs to be within the allowable range
