Dat 565 week 1 up
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School
Kennesaw State University *
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Course
3100
Subject
Information Systems
Date
Nov 24, 2024
Type
docx
Pages
2
Uploaded by qfarms
Analytics is used in all business roles. In management, it is important to understand what type of
analytics to employ depending on your position and the data available. To analyze business trends, an
HR
manager
will look at market trends and hiring data like salaries in their local market to be competitive
and attract talent.
Respond to the following:
How is data analytics different from statistics?
Analytics tools fall into 3 categories: descriptive, predictive, and prescriptive. What are the main
differences among these categories?
Explain how businesses use analytics to convert raw operational data into actionable
information. Provide at least 1 example.
Consider your role in the organization you work for (or another organization you’re familiar
with). How is data analytics important to your job and your organization? If it is not, how could
you and the organization use data analytics to improve performance?
The purpose of this statistical report is to
provide insight into the possible expansion of
Pastas R Us, Inc.; a fast-casual restaurant chain
that specializes in noodle-based dishes, soups, and
salads. Given the results of a Loyalty Card strategy
(to increase sales), and data collected from the 74
restaurants currently operating, whether the
current results warrant expansion is to be
addressed herein. In order to adequately convey
this possibility, and answer questions presented by
executive management, the conducting of a
thorough statistical analysis of the database that
has been provided by the company is required.
This statistical analysis will address several key
points. First, the nature of the provided database
INTERNAL
USE
will be discussed, regarding what variables were
analyzed. Findings based on analysis of the
variables will be provided as well. Secondly, results
from a scatter plot (see appendix) will be utilized to
show relationships between certain pairs of
variables. Lastly, recommendations based on the
finding will be discussed in order to determine
whether the Loyalty Card or the data effectively
suggests expansion. Any changes to data and
information that could warrant expansion will be
provided as well. Along with this, a target audience
will be suggested. Upon completion, this statistical
report will serve the executives of Pastas R Us, Inc.,
while also displaying an understanding of statistical
analysis.
INTERNAL
USE
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