Papera And Discuiosn

Part 1

Discussion (Chapter 8): Excel is probably the most popular spreadsheet software for PCs. Why? What can we do with this package that makes it so attractive for modeling efforts? Your response should be 250-300 words.There must be at least one APA formatted reference (and APA in-text citation) to support the thoughts in the post.

Part 2

Response to 2 students 100 words each

Part 3 – 300 words
When submitting work, be sure to include an APA cover page and include at least two APA formatted references (and APA in-text citations) to support the work this week.
1. How does prescriptive analytics relate to descriptive

and predictive analytics?

2. Explain the differences between static and dynamic

models. How can one evolve into the other?

3. What is the difference between an optimistic approach

and a pessimistic approach to decision making under

assumed uncertainty?

4. Explain why solving problems under uncertainty sometimes

involves assuming that the problem is to be solved

under conditions of risk

5.Investigate via a Web search how models and their

solutions are used by the U.S. Department of Homeland

Security in the “war against terrorism.” Also investigate

how other governments or government agencies are

using models in their missions.