Describe the data analytics methods

Assignment Help Business Management

Reference no: EM133661989

Imagine you are the decision-maker for a trucking firm that is trying to decide the number of trucks to purchase. You have access to past sales data, the cost of trucks, the forecasted demand for next year, and the predicted supply and demand for the product that you are moving/transporting for the next 10 years. Unfortunately, this data is rather complex. You will need to sort through this data and determine what is important. Describe the data analytics methods that you will use to address this purchasing problem. In your original post, answer the following:

- Describe the data analytics methods that you will use to address this purchasing problem.

- Do you think this constitutes "big data"? Why or why not?

- What do you think is the importance of mining this data? How can data mining help solve this dilemma?

Reference no: EM133661989

Questions Cloud

The scrum team is attending their morning meeting : The scrum team is attending their morning meeting, which is scheduled at the beginning of th work day.

What does global leader look like : What does a global leader look like? Discuss what should be considered as one becomes a global leader

Define the purpose and primary objectives : A mission statement for a correctional facility would focus on the present and define the purpose and primary objectives

Involved in the healthcare organization : The patients, clients, customers, prospective patients, providers, staff, management - everyone - involved in the healthcare organization, facility

Describe the data analytics methods : Describe the data analytics methods that you will use to address this purchasing problem. Do you think this constitutes "big data"? Why or why not?

Understanding whs legislative requirements : you are required to complete this workplace activity to assist your manager in understanding WHS legislative requirements at ABC Steel

Activities relating to curriculum design and development : Describe your major functions and activities relating to curriculum design and development.

Links regarding handling complaints and disputes : Refer to the Toolbox in your subject room for Policies and Procedures and links regarding handling complaints and disputes

Command and control : MCDP 6 in the Marine Corps, Command and Control (C2) is the foundation that ensures the success of every mission.

User Account

All Pages