Decision Support Systems (DSS) was a precursor to analytics and business intelligence

Famous Chef told Shrimp Boat Captain: I will buy your catch if I think the shrimp are large enough." What is the status of this promise?

a. This is a valid promise because the chef must make the decision in good faith. b. This is a valid promise because size is a quantifiable term. c. This is an illusory promise because the chef has complete control over whether or not he will keep the promise. d. This is an illusory promise for a contract but a valid promise for promissory estoppel.

Weekly sales of copy paper at Cubicle Suppliers are provided in the table below. Compute a three-period moving average and a four-period moving average for weeks 5, 6, and 7. Compute the MAD for both forecasting methods

Which model is more accurate? Forecast week 8 with the more accurate method. Week Sales (cases) 1 17 2 21 3 27 4 31 5 19 6 17 7 21