theme 3

Question 1

how to calculate moving averages

Answer 1

(1) add the first 3 years and divide by 3 this gives 3-year moving average
(2)you can plot a graph of sales against time and draw a line of best fit
(3)you can extrapolate the line and predict sales for that year

after doing this you need to calculate the variation
so its actual sales - moving average = variation do this to all columns and find the average of the columns this number add it to your data which was extrapolated

Question 2

How to calculate net gain in decision tree

Answer 2

Add all course of action - the cost

Question 3

Descision tree advantage and
Disadvantage

Answer 3

Pros = logical approach quantitative data

Includes all cost of each action

Cons = does not take into account qualitative data

Does not consider impact on stakeholder stakeholder can leave

If probability are wrong than your data is accurate

Question 4

When to use decision tree and when to not you use

Answer 4

When you use it a lot
Short term tactical decision

Don’t use if it’s long term plan or the idea is new
And don’t use decision tree if there an lack of trust in that data

Question 5

What is cpa ( Critcle path analysis

Answer 5

Planning methods to complete a task in the shortest time possible