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Business Analysis & Forecasting IyadMourtada, CMA, CIA, CFE
Decision Making Theory
Decision Making Theory  Open New Store A. Store     B. E-Store
The possibility of an event occurring that will have an impact on the achievement of objectives.
Decision Making Environments  Market       Project A          Project B  Good             200                    500 Bad              -100                    -300            ,[object Object]
  Decision making under risk
  Decision making under uncertainty ,[object Object]
 Decision Making Under Risk  Market    %   	Project A          Project B  Good      40%    	 200                    500 Bad         60%     -100                  -300 Expected Return A  = 40% X 200 + 60% X -100 = $20   Expected Return B = 40% X 500 + 60% X -300 = $20
 Decision Making Under Uncertainty  ? Market    %   	Project A          Project B  Good      ?%    	 200                    500 Bad         ?%     -100                  -300
Forcasting Estimates what will happened in the future
Correlation Analysis
Regression Analysis
Regression Analysis
Learning Curve
Time Series Analysis  Forecast future events based on past experience  1. Simple Moving Average  2. Weighted Moving Average 3. Exponential Smoothing
Simple Moving Average    			 	Oct       Nov        Dec Sales (Units)      	160       230        180 Moving Average = (160+230+180) / 3 = 190
Weighted Moving Average  Depend more on recent periods  		 	Oct       Nov        Dec Sales (Units)      160       230        180 WMA = ((160 X 1) + (230 X 2) + (180 X 3)  / (1+2+3)            =   186
Exponential Smoothing

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Business Analysis and Forecasting

Editor's Notes

  1. Comprehensive Textbooks The textbooks contain comprehensive outline summaries of all subjects tested on the CIA examination. The textbooks are designed in a way that follows and covers exactly the examination outline posted by the Institute of Internal Auditors (IIA). There are 4 different books, and each of them covers one of the 4 different parts of the CIA examination. PrepReview SoftwareIncludes preparation sessions, test sessions and exam sessions; User-friendly format allowing users to pick their topics, work on specific lessons, or to take simulated exams.Answers to questions accompanied by a detailed solution that explains the reason behind the answer. Compiles and saves statistics on performanceIncludes over 3300 multiple-choice questionsGives the candidate a better feel of the examinationConnects to a website where the candidate can download extra added practice questions.Participants GuideHandouts include all the slides present on the in-class presentation used by the instructors to present the material. It makes it easier for the candidates to follow the instructors and take notes. There would be no need to waste their times and attention to copy what is presented to them. All they need to do is follow the instructors and take some extra notes based on the explained  material.In-class presentationA PowerPoint Presentations was carefully designed, based on the textbooks and the important material covered in the CIA examination. These presentations are to be used by the instructors, in class, as a mean of support with the teaching methodology. They make it easier for the instructors to explain the material appropriately as well as manage his/her time allocated for a particular lecture.Four presentations were developed for all 4 parts of the CIA examination, and they have been divided into lectures.eFlashcardsMake it easy and convenient to commit to memory the most important principles and rules tested on each section of the CIA Exam. They are a simple, effective and interactive tool for memorizing important material. Tuition-free continuing help (TFCH) PRC’s TFCH is available to you if you fulfill PRCs preparation requirements but do not pass the CIA Exam. TFCH gives you the opportunity to repeat the course tuition free.