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OR Seminar: Quantitative Business Decision-Making

Quantitative Business
Decision-Making

Introduction

Many business decisions can be enhanced by considering the
conclusions of quantitative modelling, of the sort performed by Operations Researchers. This seminar will demonstrate three techniques that can applied by business analysts using specialised software from leading international companies
– time series forecasting, using Forecast Pro, optimisation
using What’sBest!, and quantitative risk analysis using @RISK.

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Why use ForecastPro, What'sBest! & @RISK?

ForecastPro

- Use an expert system to find the best forecast.

What'sBest!

- Add industrial-strength optimisation power to your spreadsheet.

@RISK

- Build spreadsheet models that tell you how likely you are to achieve your objective.

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Information

		Seminar Highlights Forecasting • Accessing your data • Automatically applying the best forecasting methods for your data • Allowing for one-off and variable events • Testing your forecasts Optimising • Types of problem – linear, non-linear, integer • Building a model • Sensitivity analysis Quantitative Risk Analysis • Defining your model • Defining uncertain parameters • Simulation provides a range of output values • Sensitivity and scenario analysis gives insights into what parameters are most important
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		Who should attend? • Operations Researchers • Sales Managers • Business, Financial & Quantitative Analysts • Project Managers • Actuaries • Forward-thinking accountants
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		About the Presenter Dr Ray Hoare has degrees in mathematics, physics and chemistry and worked for many years in industrial and environmental science. For more than 10 years he has been helping people to analyse engineering, science and business data, as well as presenting seminars and training people in the use of statistical software.
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[ top ]		About ForecastPro, What'sBest! & @RISK ForecastPro Whether you are forecasting sales, revenues, demand for service or any other important variable, Forecast Pro will make your work easier, quicker and more accurate. The program is extremely easy to use and does not require a background in statistics or forecasting. Click here for more info on ForecastPro. What'sBest! What'sBest! is an Excel add-in that lets you solve complex business, financial, engineering, and scientific problems in your spreadsheet. It links spreadsheet software, the preferred modelling tool of business, with the power of linear, non-linear, and integer programming. Click here for info on What'sBest! @RISK Use @RISK when you don't know the exact values of cells in a spreadsheet model, but you want to estimate the probabilty of various outcomes. @RISK comes in three different editions. All editions include RISKview, so you can view, assess and create probability distributions before allowing them to represent uncertainty in your spreadsheet. Draw your own probability curves and let RISKview calculate the distribution that best fits. Click here for more info on @RISK.
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		Seminar Details The seminar will run for an hour and half with time for questions. If you can not attend the seminar, email leon@hrs.co.nz to be sent an information pack in the post.

		Registration To register for this FREE seminar click on one of the registration links below and fill in the form. PLEASE NOTE: Registrations are open to NZ residents only and international visitors wanting to attend seminars on either of these products should contact their respective local distributor.
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Location and Times

This Event is taking place at the following place(s):

Date

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Time

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Seminar Details