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Correlation and regression analysis can help business to investigate the determinants of key variables such as their sales. Variations in a companies sales are likely to be related to variation in product prices,consumers,incomes,tastes and preference's multiple regression analysis can be used to investigate the nature of this relationship and correlation analysis can be used to test the goodness of fit. Regression can also be used to estimate the trend in a time series to make forecast
analysis of demand contribute to business decision making
What is SWOC analysis and explain its relevance to business decision making
What is SWOC analysis and explain its relevance to business decision making
Importance of financial ratio analysis on investment decision making?
Your question is much too vague. "Financial decision analysis" is a general phrase that refers to a broad category of analyses and reports involved in financial decisions (of any kind).
Social cost benefit analysis means that a business assesses the social ramifications of a business decision before doing it. It is good for business, so that they can plan to mitigate the damage they may cause by a decision that is unavoidable.
The importance of decision making is that it helps in planning for the next course of action. In business, good decisions will yield great returns on investment.
yes
To facilitate decision making and effective managing of the business.
Actually there are six stages to decision making in business they are: 1.Problem analysis 2. Data Collection 3. Analysis and Evaluation of data 4. Formulate and test alternative strategies 5. Implement the decision 6. Evaluate the decision
There are a number of contributions and limitations which are associated with analysis for business decision making. The contributions will look at the main factors of production and the returns on investment. The limitations are seen in the assumption that such factors remain constant.?æ