When will a company use a predictive decision model?
A) when it wishes to determine the best product pricing to maximize revenue
B) when it wishes to know how best to use advertising strategies to influence sales
C) when it wishes to know sales patterns to plan inventory levels
D) when it wishes to ensure that a specified level of customer service is achieved

Question

Quizplus · Accepted Answer

A predictive decision model is used to forecast future outcomes based on historical data, such as predicting sales patterns to plan inventory levels.

When Will a Company Use a Predictive Decision Model