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What is Descriptive Analytics in OPS MOOC about?

The document discusses Week 1 of a course on descriptive analytics. It covers forecasting using historical data, trends and seasonality, and forecasting for new products. Specifically, it discusses forecasting techniques like moving averages and exponential smoothing. It also provides an example of using historical demand data to solve a newsvendor problem of determining how many items to order from a supplier to maximize profits.

Author

Natalia Suarez

Language

EN