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  • Atricle Dump - Decision Support Systems, Part 3 – Modeling & Forecasting

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    In parts 1 and 2 we described two levels of Decisions support systems (DSS) systems, which analyze the “what and the why” of business performance. In a third level of DSS functionality which is more advanced, analysis enables modeling
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    alyze the “what and the why” of business performance. In a third level of DSS functionality which is more advanced, analysis enables modelin
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    ich is more advanced, analysis enables modeling of mechanisms, to predict the outcome of one action or alternative actions: ‘What shall be the outcome if a certain measure is taken’ (what-if analysis).

    Predictions may relate to

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