Here are the short answer questions from the most recent exam written in ADMS 3330, along with my complete step-by-step solutions.
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This exam contains two very typical test questions; The first is a Chapter 6 forecasting question where the MAPE (Mean Absolute Percent Error) is used to determine which of two forecasting methods is best. The second question is a fairly long Chapter 4 decision analysis question covering (almost) everything you'll need to know from that chapter - I discuss the missing stuff in part (c). The solutions to both of these questions are available with the Term Test #2 Bundle or the Full Course Bundle.
Here you will find my package of past term-test questions – with their full solutions – customized to cover ALL the main sections of the chapters on your upcoming term test.