SCENARIO 17-7 the Output Below Shows the Results of Cluster Analysis on Analysis

question 14

Short Answer

SCENARIO 17-7
The output below shows the results of cluster analysis on the different regions of the world (North America,Asia Pacific,Western Europe,Central & Eastern Europe,Latin America,and Middle East & Africa)based on the amounts (in billions of US dollars)and the percentage changes from prior year of business-to-consumer ecommerce sales last year.

-Referring to Scenario 17-7,what are the first group of countries that cluster together?

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Definitions:

Safety Inventory

A buffer of additional stock kept to prevent out-of-stock situations, taking into account unforeseen fluctuations in demand or supply.

Forecast Error

The difference between the actual demand or outcome and the predicted demand or forecasted value, often analyzed for improving future predictions.

Aggregate Planning

A process in operations management aimed at determining optimal production levels, inventory, and workforce to meet anticipated demand.

Advanced Planning Systems

Sophisticated software tools designed to assist in the planning and optimization of operations, logistics, supply chain, and inventory management.