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2 years ago

A company that uses statistical techniques and algorithms based on patterns of past behavior to predict future events is using

1 answer:

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A company that uses statistical techniques and algorithms based on patterns of past behavior to predict future events is using Predictive modeling

What is Predictive modeling?

A popular statistical method for forecasting behavior is predictive modeling. Data-mining technology called predictive modeling solutions creates a model by studying past and present data and using it to forecast future results.
Predictive modeling involves gathering data, creating a statistical model, making predictions, and validating (or updating) the model when new data becomes available.
To determine how probable a customer is to display a given behavior in the future, predictive models examine prior performance.
This category also includes models, such fraud detection models, that look for subtle data trends to address inquiries regarding client performance. In real-time transactions, predictive models frequently do calculations.

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expansionary fiscal policy involves part 2 a. increasing taxes or decreasing government purchases. b. increasing government purc

Alik [6]

Expansionary fiscal policy includes increasing government spending and decreasing taxes to increase aggregate demand.

Politics is a conscious system of guidelines to guide decision-making and achieve reasonable results. A policy is a statement of intent, implemented as a procedure or protocol. Policies are typically adopted by a governing body within an organization.

A policy is a law, regulation, procedure, administrative action, incentive, or voluntary practice of a government or other agency. Political decisions are often reflected in resource allocation. Health can be affected by policies in many areas. The term can refer to governments, public sector organizations and groups, individuals, executive orders, corporate privacy policies, congressional rules of procedure, and more. Policies are different from rules and laws.

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2 years ago

A demand curve shows how changes in

Eduardwww [97]

A demand curve shows how changes in quantity affect price. The demand curve is a graph that will have a good or service and how the quantity purchased is related to the price point the item is set at. Overall, the relationship between demand and price are directly related and depicted on the graph.

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3 years ago

Read 2 more answers

Job costing, process costing. In each of the following situations, determine whether job costing or process costing would be mor

scoray [572]

Answer:

a. A CPA firm Job costing

b. An oil refinery Process costing

c. A custom furniture manufacturer Process costing

d. A tire manufacturer Process costing

e. A textbook publisher Process costing

f. A pharmaceutical company Process costing

g. An advertising agency Job costing

h. An architecture firm Job costing

i. A flour mill Process costing

j. A paint manufacturer Process costing

k. A nursing home Job costing

l. A landscaping company Job costing

m. A cola-drink-concentrate producer Process costing

n. A movie studio Job costing

o. A law firm Job costing

p. A commercial aircraft manufacturer Process costing

q. A management consulting firm Job costing

r. A plumbing contractor Job costing

s. A catering service Job costing

t. A paper mill Process costing

u. An auto repair shop Job costing

Explanation:

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4 years ago

The Boot Department at the Omaha Department Store is being considered for closure. The following information relates to boot act

kykrilka [37]

Answer:

Yes, Omaha department store would be better off by $23000.

Explanation:

Given: Sales revenue= $350000.

Cost of goods sold= $280000.

Sales commission= $30000.

Fixed operating cost= $90000.

Now, computing net profit or (loss)

Net profit/loss= $\textrm{sales revenue - cost of goods sold- sales\ commission - Avoidable fixed\ operating\ costs}$

∴ Net profit/loss= $350000-280000-30000-(90000\times 70\%)$

⇒ Net profit/loss= $40000-(63000)= (\$ 23000)$

∴ Net loss= $\$ 23000$

∴ Yes boot department should be closed, as Omaha department store is better off by $23000.

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3 years ago

Which category of GDP does each of the following items count in? Enter one of the following letters to correspond to consumption

elena-14-01-66 [18.8K]

Explanation:

-Nissan produces a car at its Tennessee plant in December, but does not intend to sell it until after the end of the year __DNC__ .

This transaction does not count because GDP is measured in one year. Nissan sell will be accounted in the next year GDP.

-An auto parts maker buys an idle textile plant in North Carolina with the intent of converting it to a distribution center_I__.

This is private investment of the auto parts maker.

-The U.S. Army rents a warehouse to store surplus equipment __G__.

This is a expense of the U.S government.

-A state employees' pension fund in California buys $10 million in corporate bonds__G__.

This is a expense of the U.S government.

-A local bakery buys 500 pounds of flour to make bread __I__.

This is private investment of the bakery.

-A doctor buys a painting to hang in his office waiting area from an artist on Etsy __I__

This is private investment because if his office looks better maybe this will attract more clients.

-A family rents a beach house for a week's vacation __C__.

This is household’s consumption.

-A retiree in Chicago receives a Social Security check from the U.S. Treasury__G___

This is an expense of the U.S government.

-A factory in the U.S. produces chemicals and sells them to a firm in Canada __NX___ .

This fits in the net exports account as an export.

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3 years ago