Talk about what you like and what you dislike if anything along with providing any other… 1 answer below »

The following are discussions posted by students. For each discussion post read the discussion posted by the student and provide a half page discussion response stating your point of view for each post. Talk about what you like and what you dislike if anything along with providing any other alternate ideas to each post and number each response to each post accordingly.
Consider the following also with the above requirement when writing the responses: (refer to ppt attached)
Second, we also spend a bit of time this week covering some basic statistics that should be useful for forecasting.Within the context of your example, would any of these tools be appropriate for better understanding the data used for your forecasts?If so, explain.

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Week 01 Discussion – Introduction and Statistics Review:
The following are discussions posted by students. For each discussion post read the discussion posted by the student and provide a half page discussion response stating your point of view for each post. Talk about what you like and what you dislike if anything along with providing any other alternate ideas to each post and number each response to each post accordingly.
Consider the following also with the above requirement when writing the responses: (refer to ppt attached)
Second, we also spend a bit of time this week covering some basic statistics that should be useful for forecasting.  Within the context of your example, would any of these tools be appropriate for better understanding the data used for your forecasts? If so, explain.
Discussion #1:
The business model of 21st Century Auto Insurance is that of a direct marketer and as a manager in the eBusiness department I am tasked with facilitating the interaction between consumer and business through various interactive channels as well as implement new technology that could further expedite & improve customer experience.  In a business-to-consumer (B2C) environment we strive to provide affordable auto insurance to the public by heavily utilizing technology and a self service approach.  In other words, by supporting ever-evolving technology (social media, mobile smart phones, Internet, etc…) we alleviate the need for agents and empower our customers to shop & make changes to their policies for themselves.  This is in contrast to other insurers such Statefarm or Allstate which rely on an agent based model.  By utilizing this B2C approach we can pass the cost savings directly onto our customers as a result of commissions no longer being needed since technology replaces this human interaction.
 
With this being said, one would question where forecasting comes into play with regards to eBusiness?  Since eBusiness is a subset of the marketing department…

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