+1 862 207 3288 BUS461 Decision Modeling and Analysis
Please answer the following questions minimum of atleast 250-300 words.
Decision Analysis:
1. Many real-world decision problems consist of a sequence of dependent decisions. Develop a
scenario that has a series/sequence of activities applicable to a “Decision Tree” type analysis.
Explain why the scenario you selected is applicable. Also identify and explain critical factors
that should be consider. Are there any risks in your scenario?
Forecasting Approaches:
2. Compare and contrast the stationary forecasting model approach with that of a time series
forecasting approach. Identify and explain key factors that are relevant in the selection of a
specific approach.
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