This assignment, you will start building a model based on Walmart from my Milestone One which I have provided. You will begin the analysis process based on the elements outlined below. Looking at the procedures you would implement in your model.
Articulate why the model is necessary and what its purpose is, and justify how your
calculations will add value and benefit the organization overall.
IF you have any questions or need more clarification please let me know asap in
the chat. THANK YOU a million for the hard work and for letting me choose you.
INSTRUCTIONS
The following critical elements must be addressed:
II. Appropriate Procedures:
A. Describe why the modeling framework is needed in the decision-making process, and define its purpose in terms of providing optimal results. Be sure to defend your rationale.
B. Based on the purpose you defined and the necessary variables you identified, describe the process for applying the framework to the decision making process and translating the results into action.
C. Describe how and why the calculations will provide value and benefit to the
company. Be sure to explain the concepts behind the output.
This assignment, you will start building a model based on Walmart from my Mile