A logistics analyst builds a decision model to minimize tran…

A logistics analyst builds a decision model to minimize transportation costs but is unsure of the exact fuel prices for the upcoming quarter. She uses an average estimate based on recent trends. Which of the following best represents an appropriate next step in dealing with this uncertainty?

A retail company wants to optimize inventory levels across i…

A retail company wants to optimize inventory levels across its stores. The operations team has access to historical sales data, seasonal trends, local events, and weather forecasts. They aim to reduce stockouts and overstock situations. Which approach best represents the application of Predictive Analytics in this scenario?