Decision analysis

Decision analysis

Explain the following questions

• Decision analysis – Name the environments under which one has to make decisions? What are some features of each environment and decision-making process?
• How is a decision tree used to help make decisions?
• Regression models – What steps are involved in conducting a multivariable regression analysis? Use an example from your work or outside work situation.
• What steps are involved in conducting a nonlinear regressions analysis?
• What are the things to watch out for during regression analysis and predictions?
• Forecasting – How can regression analysis help in forecasting? In detail explain what steps are involved for forecasting in the real world? You can use examples from your work or outside work

Note

in 1600 – words. Must be in APA format. Title and references not included in word count.