Question
What does predictive analytics try to do in planning?
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Answer
Use models to forecast outcomes like demand or default.
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Question
Why are learning curves relevant in forecasting?
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Answer
They predict lower average cost as cumulative output doubles.
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Question
What is the decision rule in cost-benefit analysis?
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Answer
Proceed if incremental benefits exceed incremental costs.
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Question
When is the percentage-of-sales method most useful?
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Answer
For pro forma statements and external financing needs.
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