4. What industry statistics can a business use for comparison? 5. How can they use that information in their business? Please give a specific example.
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4. What industry statistics can a business use for comparison?
5. How can they use that information in their business? Please give a specific example.
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- how does reporting Open-year data quality assessments assist in ensuring that the data is thorough and accurate? need Ans ASAP pleaseHow do you distinguish among a casual analysis, a statistical analysis, and a Pareto analysis? Which of the following categories best describes the ODC approach?Five (5) examples of business-related data collected by companies or organizations either from their customers or as a result of day-to-day business processes. Classify these according to whetherthey are qualitative data, discrete quantitative data or continuous quantitativedata. Identify also the scale of measurement for each.
- Considering a new chain of shoe stores. The marketing department of the corporation would like to know the customers and their preferences. What questions would you ask before developing an IS for data collection and analysis? Please list five questions. (IT)Is a knowledge of statistics required to use business intelligence (BI) tools? In what way would this be useful?What does corporate data modelling do, and how does it work, in this case?