Reference no: EM133911186
Assignment: Predictive Analysis
Competency
Determine business outcomes using predictive analysis techniques.
Scenario
You are the manager for a company that sells outdoor grills. You've recently earned your MBA, and you want to apply what you've learned to your position to help with decision-making. You have developed the following estimated regression equation to help make data-driven decisions for the store. This will help you to better see how the unemployment rate, temperature, number of activities, and gas prices impact weekly outdoor grill sales.
Y = 22,100 - 412x1 + 818x2 - 93x3 - 71x4
Where:
• Y = weekly sales
• x1 = local unemployment rate
• x2 = weekly average high temperature
• x3 = number of activities in the local community
• x4 = average price of gasoline per gallon
Instructions
Use the above equation and information to answer the following questions in a Word document, and create a guideline to use for future business decisions:
A. Based on the equation above, please provide the value for x1, x2, x3, and x4. Also, explain what these values mean in the context of this question. For example: What does the value of 818 mean in the equation above (specify if it is x1 or x2 or x3 or x4, and explain what those values mean based on the equation and context)?
B. What are the estimated weekly sales if the unemployment rate is 3.7%, the average high temperature is 670, there are 10 activities, and the average price of gasoline is $3.39 per gallon?
C. Evaluate data mining techniques that could be used to enhance manager's decision-making to increase sales.
D. What recommendations or decisions could you make based on the predictive analysis in question.
|
Highly contagious microorganism
: Shenya Jones is diagnosed with community-acquired MRSA (highly contagious microorganism). What measures should you take ensure there is no transfer of infection
|
|
Identify and describe open position that needs to be filled
: Identify and describe an open position that needs to be filled. Explain national policies that restrict expat employment in the Kingdom.
|
|
Provide an analysis of the current dhs strategic plans
: For this discussion, provide an analysis of the current DHS strategic plans by explaining whether they meet the characteristics identified by Caudle.
|
|
Self-esteem issues patient may experience
: Discuss possible self-esteem issues the patient may experience when administering insulin and checking BGL's while on the road for his job.
|
|
Evaluate data mining techniques that could be used
: Evaluate data mining techniques that could be used to enhance manager's decision-making to increase sales. What recommendations or decisions could you make?
|
|
Calculate the the debt-to-equity ratio for two years
: ACCT105- Calculate the following ratios for two years, the debt-to-equity ratio, current ratio, quick ratio, return on equity, and net profit margin.
|
|
Leverage power bi to visualize and interpret a provided data
: Explore the dataset to gain an understanding of its structure and contents and Identify key variables and potential insights that can be derived from the data
|
|
Which exercises would you assign as a professional and why
: Which exercises would you assign as a professional, and why? Which exercises, if any, did you actually do, and what were the results?
|
|
Identify the six different theories of corruption
: Identify the six different theories of corruption. Explain which theory you believe best explains why police corruption occurs, and provide a real-world example
|