0
What else can I help you with?
What is an example of a decision-modeling routine contained in a decision support system?
Decision support systems (DSS) contain decision-modeling routines, such as what-if analysis, whereby users can try particular decisions in simulations before actual implementation.
What has the author Anderson David R written?
Anderson David R has written: 'Modeling and Decision Analysis'
What has the author Rick Hesse written?
Rick Hesse has written: 'Managerial spreadsheet modeling and analysis' -- subject(s): Computer simulation, Management, Electronic spreadsheets, Problem solving 'Decision Making: A Management Science Guide for the IBM-PC (IBM-PC Series: 1-646)'
Why does a accountant need a spreadsheet?
An accountant needs a spreadsheet for efficient data organization, analysis, and reporting. Spreadsheets enable the manipulation of large datasets, allowing for calculations, financial modeling, and scenario analysis. They also facilitate easy updates and modifications, making it simpler to track changes over time. Additionally, spreadsheets enhance collaboration and presentation of financial information to stakeholders.
Spreadsheet are the modeling platform of choice?
It depends on what you are trying to model. For most models, there are specialty programs.
Which is the most suitable hazard analysis for showing probability in Hazards Modeling?
Cox Proportional is the most suitable hazard analysis for showing probability in Hazards Modeling.
What are the difference between a dss and an expert system?
A Decision Support System (DSS) is a computer-based tool that helps users make decisions using data analysis and modeling techniques. An Expert System is a computer program that mimics the decision-making abilities of a human expert in a particular field. Expert systems rely on rule-based reasoning and knowledge representation to provide solutions to specific problems.
What has the author John Malanchuk written?
John Malanchuk has written: 'Efficient algorithms for solving systems of ordinary differential equations for ecosystems modeling' -- subject(s): Computer programs, Differential equations, Numerical analysis, Ecology, System analysis, Numerical solutions
What if analysis is a very powerful and simple tool to test the effects of different changes in a spreadsheet true or false?
True. What-if analysis is a valuable tool that allows users to explore how changes in input variables can impact outcomes in a spreadsheet. By adjusting specific values, users can quickly assess various scenarios and make informed decisions based on potential results. This capability enhances forecasting and strategic planning in financial modeling and other analytical tasks.
What is An example of an electronic spreadsheet?
An example of an electronic spreadsheet is Microsoft Excel, which allows users to organize, analyze, and visualize data using rows and columns. Other popular electronic spreadsheets include Google Sheets and Apple Numbers, which offer similar functionalities and support collaboration features. These tools are commonly used for tasks such as budgeting, data analysis, and financial modeling.
What is value at risk apporach?
Value at Risk is a term used in financial modeling and risk analysis. VaR describes the maximum loss not exceeded within a specified confidence limit. There's much more information and an Excel spreadsheet at the related link below
What are the benefits or advantages of numerical analysis?
Numerical analysis provides powerful tools for solving mathematical problems that may be difficult or impossible to tackle analytically, especially in applied fields like engineering and physics. It allows for the approximation of solutions to complex equations, enabling practical applications in simulations, modeling, and data analysis. Additionally, numerical methods can handle large datasets and provide insights into system behavior, ultimately enhancing decision-making and optimization processes. Furthermore, it aids in error estimation and convergence analysis, ensuring the reliability of results.
