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Peregrine Exam Day 10 Questions with Solutions
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Peregrine Exam Day 10 Questions with SolutionsForecasting - ✔✔method for predicting how variables will change the future
Qualitative Model - ✔✔shows an economic truth without a prediction
market research - ✔✔The activity of gathering information about consumers' needs and
preferences.
Delphi Method - ✔✔form of qualitative forecasting that involves consensus of a group of
experts using a
multi-stage process to converge on a forecast.
quantitative models - ✔✔Employ computer simulation models involving statistical techniques
Indicator approach - ✔✔Estimating capital charges for operation ai risk
econometric model - ✔✔mathematical expression used to describe how the economy is
expected to
perform in the future
artificial intelligence - ✔✔a subdiscipline of computer science that attempts to simulate
human thinking
Facts - ✔✔information that is true or demonstrable
Assumptions - ✔✔Premises for which no proof or evidence is offered.
, Management Information Systems (MIS) - ✔✔A business function, like accounting and human
resources,
which moves information about people, products, and processes across the company to
facilitate
decision-making and problem-solving
What are office automation systems? - ✔✔word processing, email and voicemail
What are knowledge work systems? - ✔✔Computer-aided design systems, virtual reality
system,
financial workstations
Decision Report System - ✔✔a computerized program used to support determinations,
judgements and
courses of action in an organization or a business.
A DSS differs from what? - ✔✔Ordinary operations application
What does a DSS do? - ✔✔Allows for more informed decision- making, timely problem-
solving, and
improved efficiency in dealing with issues or operations, planning and even management.
Time Series Models - ✔✔based on the assumption that a forecast can be generated from the
information contained in a time series of data
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