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3.2

Advantages and Disadvantages of Stat Techniques

QuestionAnswer
A disadvantage of cluster analysis is It is a long and expensive process.
Advantages of ____ Analysis: Determines the decision with the greatest value Produces a value under certainty, uncertainty, and risk Decision Analysis
Disadvantage of _____ Analysis: Assumes past data patterns will repeat in future, which may not be true Time Series
Advantage of ___ Analysis: Helps determine target markets Cluster Analysis
Advantage of ____ Analysis: Allows sophisticated analysis of cost behavior and sales forecasts Regression Analysis
Created by: mgallo3
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