BE 7-4 (LO 7.4, 7.5, 7.6, 7.7) Match the analytics type...Required:Match the analytics type (descriptive, diagnostic, predictive, or prescriptive) to the analytics technique used.Analytics Technique UsedSummarization of last year's sales dataPivot table for drill down and drill up of sales by productSentiment analysis to see what customers think of a new productHypothesis test to see if conversion rates have significantly changed from last periodRoot cause analysis of why product sales have fallenRegression analysis with the conversion rate as the dependent variable and website traffic asthe independent variablePivot table to summarize sales by regionAnalytics TypeDescriptive AnalyticsDiagnostic AnalyticsPrescriptive Analytics

2. Pivot table for drill down and drill up of sales by product - Since it includes dissecting the…

Answered: BE 7-4 (LO 7.4, 7.5, 7.6, 7.7) Match…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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CPT Inc. is a local manufacturer of conveyor systems. Last year, CPT sold over $2 million worth of conveyor systems that netted the company $100,000 in profits. Raw materials and labor are CPT’s biggest expenses. Spending on structural steel alone amounted to over $500,000, or 25 percent of total sales. In an effort to reduce costs, CPT now uses an online procurement procedure that is best described as a first-price, sealed-bid auction. The bidders in these auctions utilize the steel for a wide variety of purposes, ranging from art to skyscrapers. This suggests that bidders value the steel independently, although it is perceived that bidder valuations are evenly distributed between $6,000 and $28,000. You are the purchasing manager at CPT and are bidding on three tons of six-inch hot-rolled channel steel against 5 other bidders. Your company values the three tons of channel steel at $22,000. What is your optimal bid?
Everywhere and anywhere the fundamental task of the marketing executive, whether purely locally or thoroughly internationally oriented, is tracking market trends that influence segmentation strategies, product positioning, pricing policies, distribution strategies, and promotion platforms. Ultimately, this rests upon your understanding of the macro trends that influence the micro-activities of international marketing. gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health. Global GDP has grown massively over the last 50 years, but not all countries experienced this economic growth equally. In 1970, the world’s nominal GDP was just $3.4 trillion. Fast forward a few decades and it had reached $85.3 trillion by 2020. And thanks to shifting dynamics,…
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