Question like ″what should we do based on what we expect will happen? How do we optimize our performance based on potential constraints? (Forming the basis of presсrіptic analytics)
Regression Analyliss might be used to evaluate cost behaviour by segregating total cost into fixed and variable cost components.
What if/goal seek analytics might be used to perform an analysis of how changing costs and other factors that affect the breakeven level for new product.
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