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Linear Decison Making Models

Conduct an Internet search for information on linear decision-making. Then, discuss your findings and contrast it with what the authors offer in the textbook. Next, discuss how a linear decision making model could have helped you in making a past decision.

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Linear Decision Making means that there are cues from the world that are weighed and then used in the decision making process. When predicting market demand information is gathered about customer sentiment and current trends, then these are weighed before estimating the demand (1). Linear decision-making means determining the weights through multiple regression analysis of previous situations; we can get optimal weights from the specific situation. During simple decision making when we refer to linear approach we mean that the question is to be decided by weighing ...

Solution Summary

Linear decision making is explained in a structured manner in this response. The answer includes references used.