ECONOMICS

Detailed explanation-1: -Sensitivity analysis, what-if analysis, and market-basket analysis are the three quantitative models typically used by a DSS. Consolidation, drill-down, and slice-and-dice are the three most common capabilities offered in an EIS. A shopping bot is one of the simplest examples of an intelligent agent.

Detailed explanation-2: -Sensitivity analysis, what-if analysis, and market basket analysis are the three quantitative models typically used by a DSS.

Detailed explanation-3: -Which of the following correctly describes sensitivity analysis? analysis of how project NPV changes if different assumptions are made about key variables.

Detailed explanation-4: -Neural networks, also known as artificial neural networks (ANNs) or simulated neural networks (SNNs), are a subset of machine learning and are at the heart of deep learning algorithms. Their name and structure are inspired by the human brain, mimicking the way that biological neurons signal to one another.

Detailed explanation-5: -Genetic Algorithms-an AI system that mimics the evolutionary, survival-of-the fittest process to generate increasingly better solutions to a problem.