Week Two Discussion Questions
Simultaneous equations are a set of equations containing multiple variables. ("Simultaneous Equations- GMAT Math Study Guide," 2009, p. 1). One can use simultaneous equations to calculate a person’s salary for each year. It can also be used to calculate the cost of items at two different stores. One can solve for unknown by either addition or subtraction, substitution, and or by graphing.
Forecasting is a ...view middle of the document...
1). A company must make sure that the adequate number of employees are provided and that they have the skills to carry out the forecasted objectives.
Forecasts can either be short term for scheduling personnel, production, and transportation. It may also be medium term which determines future resource requirements, example purchase of materials or hiring of key personnel. Long term could be used for strategic planning and takes into account market opportunities and environmental factors.
An index is a database structure that provides a quick look up of data in a column. An indices to measure the performance of a market, and then used for measuring the performance of the manager against the market.
An index is an additional auxiliary access structure used to speed up the retrieval of
records in response to certain search conditions.
Consumer Price Index is a measure of the average change over time in the price paid by
urban households for a set of consumer goods and services.
The producer price index is a family of indexes that measure the average change over
time in the selling prices of goods.