Determine the impact of various variables on the outcomes

Assignment Help Other Subject

Reference no: EM131861459

Mini-Project 3 -

To give you practical experience in implementing the quantitative methods taught in this course and to help you see how you can successfully improve business processes using Statistical Thinking, the principle assignments of the class are mini-projects of your own choosing. I wanted it to be this way so that the course would be meaningful to you since you are going to try to improve something that is important to you and not simply work on a case study or word problem assigned by me. This is authentic assessment.

There are four such mini-projects:

1. Mini-Project 1: Descriptive Statistics and Data Visualization.

2. Mini-Project 2: Forecasting or Spreadsheet Modeling

3. Mini-Project 3: Modeling and Design of Experiments.

4. Mini-Project 4: Statistical Inference.

Choosing the right project, the right process to study, is half the battle! Each of the four projects you choose should have these three qualities:

1. Involve a process about which you know something so that you can apply subject matter knowledge. The importance of this cannot be overstated.

2. Allow collection of sufficient relevant data.

3. Provide an opportunity for intervention and improvement.

Recall that the objectives of the course are for students to be able to:

1. Design data collection plans

2. Collect and organize data using Microsoft Excel

3. Analyze that data using Microsoft Excel

4. Arrive at "right answers"

5. Convert "right answers" into business decisions

6. Present their findings persuasively using appropriate data visualization tools and language

In your third project, you will be given the chance to demonstrate you understand the application of modeling to determine the impact of various variables on the outcomes you wish to study. What are the "causes" that produce the "effects" and how much to they each matter? This is a practical application of Regression.

No work cited and add to a power point.

Reference no: EM131861459

Questions Cloud

What are examples of good and bad want creation : Does a firm have the right to "create" wants and try to persuade consumers to buy goods and services they didn't know about earlier?

Looking at ranking various possible projects : Assume you are a financial manager in a firm and looking at ranking various possible projects.

What expenses can sarah deduct : Sarah owns a vacation cabin in the Tennessee mountains. What expenses can Sarah deduct, and how are they classified (i.e., for or from AGI)?

How transportation services would need to be reconfigured : A current customer service trend is offering same-day transportation. Please describe how transportation services within a supply chain would need.

Determine the impact of various variables on the outcomes : you will be given the chance to demonstrate you understand the application of modeling to determine impact of various variables on outcomes you wish to study

Prepare journal entries to record the transactions : Prepare the journal entries to record the following transactions on Cullumber Company’s books using a perpetual inventory system.

The activity produces the revenues and expenses : The activity produces the following revenues and expenses. Excluding the property taxes, his total deductible expenses is limited to

How should Darla handle the situation : Darla is a Master's of Arts in Professional Counseling student working at her prepracticum site. Mike is a prepracticum student assigned to the same.

What is current share price : If the required return is 9 percent and the company just paid a $1.20 dividend. what is the current share price?

User Account

All Pages