Explain the term data analysis and give Two real life examples of using it .

Q: Give a theoretical view of data analysis.

A: Before taking any decision a company collects various information as per the required situation. The…

Q: Explain the Elemental Standard Data method?

A: Elemental standard- time data are generated from the studies of the previous time or arranged in the…

Q: Identify the four most typical types of basic data.

A: Data types are significant ideas in statistics, they empower us to apply factual estimations…

Q: Use of Statistical Analysis Tools? explain

A: Quantitative methods have a critical role in business management as they offer managers the tools…

Q: puterised statistical processe

A: Traditionally producers have well-known that each product has to have tolerance limits due to the…

Q: d) What is the slope (b) of the least squares trend line for these data?

A: The concept of Operation Management: Operation management is the management that applies to a…

Q: How do you explain descriptive statistics in business research?

A: Descriptive statistics is a branch of statistics that deals with analysis and interpretation of…

Q: Add your personal life experiences or engagement on topic of forecasting and Quality management.

A: Forecasting and Quality Management. Forecasting is that the process of estimate and predicate about…

Q: What are 3 examples of factors that can affect the robustness of an analytical method?

A: Analytical methods can be defined as the tools, techniques, process and procedures which aids in…

Q: Discuss the strategic importance of forecasting at an healthcare business organization. Provide two…

A: Using the present data available, predicting the future occurrences or event to be happening is…

Q: An ethical statistical consultant would not always

A: Ethical statistical practices are the set of guidelines and principles that govern the proper…

Q: list 5 types of quantitative data analysis methods, pros and cons of each method

A: A collection of statistical and mathematical approaches used to examine and interpret numerical data…

Q: give me a statistical data of this findings.

A: Hospitality and tourism are a huge unified and linked industry that comprises both tourism and other…

Q: Differentiate between Regression and Correlation Analysis?

A: The differences between correlation analysis and regression analysis is given below: Correlation…

Q: choose: Any attribute of interest on which data are collected and analysed: 1. Statistics 2. ordinal…

A: The correct choice is: 1. Statistics  In the context of the given options, "Statistics" refers to a…

Q: Outline what software can be used to analyse data collected and related steps you might take. Also…

A: Data analysis is a fundamental step in generating useful insights from raw data. Choosing the…

Q: What is the benefit of using strategic alignment model (SAM ) in studies??

A: Strategic alignment can be characterized as the art and science of defining, coordinating, and…

Q: Discuss the uses of observations, questionnaires,panels, experiments, and newer data collection…

A: Data collection methods are all about collecting data in a systematic and detailed way for a…

Q: List two (2) advantages and Two (2) disadvantages of the Observation Method of datacollection.

A: The Observation Method of data collection involves directly observing subjects in their natural…

Q: Talk about Judgmental forecasts?

A: Judgmental forecasting is the forecasting process carried when there is a complete lack of any…

Q: Identify and discuss the advantages and disadvantages of using existing data for secondary data…

A: Secondary data analysis using existing data which is already available in the record can be defined…

Q: Describe the Analysis of Variables?

A: Introduction of sensitivity analysis The kind of changes that occurs in the Coefficients of a…

Q: Describe the strengths and weaknesses of quantitative vs. qualitative methods in data analysis.

A: Quantitative and qualitative methods in data analysis each have their strengths and weaknesses, and…

Q: What are some the differences in qualitative and quantitative forecasts

A: Forecasting is a process which helps to predict the future based on the consideration of historical…

Q: Write Comments on the Use of Linear Regression Analysis?

A: Linear regression analysis is said to be a statistical method that helps to summarize the…

Q: Explain briefly the concept of shadow pricing and comment on the usefulness and it's limitations

A: Pricing is seen as one of the most important P in the marketing mix of any company. It is said that…