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Peregrine Exam Day 10 Questions with Solutions

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Peregrine Exam Day 10 Questions with Solutions

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  • September 17, 2024
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  • 2024/2025
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Peregrine Exam Day 10 Questions with Solutions
Forecasting - ✔✔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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