What Types of BI Decisions Include Forecasting Levels of Bad

question 4

Multiple Choice

What types of BI decisions include forecasting levels of bad loans and fraudulent credit card use, credit card spending by new customers, and which kinds of customers will best respond to new loan offers?

• A) Retail and sales BI decisions
• B) Banking BI decisions
• C) Operations management BI decisions
• D) Insurance BI decisions

Understand the process of estimating cost behaviors and the role of cost drivers.

Define and explain the relevance of the 'relevant range' in cost behavior.

Differentiate between variable, fixed, step-fixed, and semi-variable costs.

Compare least squares regression (simple) and multiple regression as cost estimation methods.

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Definitions:

Secondary Data

Information that has been previously gathered for purposes other than the specific research project at hand, including reports, studies, and databases.

External Secondary

Refers to secondary data collected from sources outside of the organization, used for research or analysis.

Published Data

Data that has been made available to the public through various means such as books, websites, and public records.

Internal Secondary Data

Data previously collected and available within an organization for purposes other than the current need or analysis.