Unit_Exercises_v

1.) Describe the process for building the customer scoring model. What would be the inputs? What kinds of data and business processes could potentially be brought into it to create a better scoring model? Course title: Business Analytics

1)    Define CRM and SCM systems by describing their characteristics and components, explain each of the two main types of data analytics that exist – descriptive and predictive – including how each works. Critically evaluate how, and for which purposes, data analytics can be applied in conjunction with CRM and SCM systems. Refer to concepts learned in class and use examples to illustrate your arguments.

Determine the type of business analytics for the following scenarios. A. Imagine you are a meteorologist. You have to foretell the weather for the next two weeks by analysing the data from the satellites. Here, you have to apply advanced statistical, information software, or operations research methods to identify predictive variables and build predictive models. Discuss in detail which type of business analytics will be suitable for this scenario.

Is a knowledge of statistics required to use business intelligence (BI) tools? In what way would this be useful?

Tpoic: "Causes of rising food prices and the challenges faced by rural farmers in Mt. Royal, Carriacou".  1. Based on the topic about what are 15 survey questions that can be asked to the farmers.

Hide Assignment Information Instructions   Exercise #5 For this week exercise, we need to try a few logit models (see this link for more information: LOGIT REGRESSION) If you have chosen to work with Excel, please run above three models and complete the following tables. Model 1: Run a regression model and use being a member of network and find out its impact on hospital cost? (Model 1) Model 2: For the 2nd model run a regression model and use being a member of network and find out its impact on hospital cost and hospital revenue? (Model 2) Model 3: For the 3rd model run a regression model and use being a member of network and find out its impact on ratio-Medicare-discharge and ratio-Medicaid-discharge. Based on your finding please recommend 3 policies and discuss the impact of being on a network on hospital cost, hospital revenue and out its impact on ratio-Medicare-discharge and ratio-Medicaid-discharge. Do you recommend keeping membership for a hospital? Why or why not?

How does data modeling support the development of effective Business Intelligence (BI) systems?

There are a variety of methods of data collection in qualitative research, including observations, textual or visual analysis (e.g. from books or videos) and interviews (individual or group). However, the most common methods used, particularly in humanities and social science research, are interviews and focus group discussions.From the forerunning commentary, briefly outline the step-by-step procedures you would take for the following qualitative data collection methods when conducting your study:QUESTION 1.1Google meet interviewsQUESTION 1.2Participant observationsQUESTION 1.3Structured interviewsQUESTION 1.4Focus group discussions via Google MeetQUESTION 1.5.Direct observations

Is formal training in statistics required to make use of BI tools? Why are we doing this?

How does predictive analytics being applied in TikTok? Please explain

The following data describes weekly gross revenue ($1000s), television advertising expenditures ($1000s), and newspaper advertising expenditures ($1000s) for Showtime Movie Theaters. × Weekly Gross + Revenue ($1000s) 99 90 95 92 95 94 94 94 a. Find an estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures (to 2 decimals). 2.84 Television Advertising ($1000s) 5.0 2.0 4.0 2.5 3.0 3.5 2.5 3.0 Revenue = 81.73 1.29 News Adv TV Adv + b. Choose the correct plot of the standardized residuals against ĝ. Newspaper Advertising ($1000s) 1.5 2.0 1.5 2.5 3.3 2.3 4.2 2.5

4 Match the type of analytics to which tool would be in each scenario. A company would like a summary of the number of employees that called out sick last week. V A company would like to determine how many of each product should they manufacture each day in order to maximize profits. A company would like to estimate the average number of new clients that will become members next month. a. Predictive analytics b. Prescriptive analytics c. Descriptive analytics

Q1) Ahmed's interest was cricket. When he finished university, he wanted to work in a management job. He wanted to do his research project on some aspect of general management and social sciences, preferably for a sports goods manufacturer but had no research idea. He asked five friends, all taking business education degrees, to help him brainstorm the problem. You are requested to use the following problem-solving techniques to generate and refine the research idea in this business scenario. i) The technique of Brainstormingii) The Delphi technique

Discuss the ethical considerations surrounding the use of customer data in CRM. What measures should organizations take to ensure data privacy and compliance with regulations?

In examining parental involvement at xyz Primary School, insights were garnered from 15 parents, 15 teachers, and 15 students, contributing to a comprehensive understanding of parental engagement, academic performance, and the perceived impact on students' education. The structured interviews with teachers and the questionnaire responses from parents and students created a diverse dataset, capturing a snapshot of the current state of affairs within the school community. It is essential to acknowledge the biases inherent in our data collection process. The self-reported nature of the data introduces the possibility of social desirability bias, where participants may provide responses aligned with societal expectations. The teachers' perspectives may carry professional biases, potentially influencing a more positive view of parental involvement. Moreover, the study's limitations, including a sample size of 15 for each group and a lack of longitudinal perspective, emphasize the need for…

Business analytics can be of three types: descriptive, predictive, and prescriptive. Describe each of those. Imagine you are a data analyst in FedRetail, an online retail shop. Your manager wants a forecast of the sell in the upcoming Christmas season. What kind of analysis you should do to find out your manager's query? Explain.

A bank manager notices that by the time customers get to the teller,they seem irritated and impatient. She wants to investigate the problemfurther, so she hires you to design a research project to figure out whatis bothering the customers. The bank wants three studies: (a) severalfocus groups of their customers, (b) observation using a hidden camera,and (c) an online survey of 500 customers. Which studies arequalitative, and which are quantitative?

Company Name: Floward (flowers Market) Create a campaign for your company to launch, starting January 2021 till December, that will be active for 12 months. Marketing budget: SR 450,000 to spend on digital advertising media over the next 12 months. The budget also includes up to SR 340,500 for advertising creative and content development, and for the company to manage the program. Monitoring and Optimization: describe how you will measure and improve digital marketing performance during the campaign. What tools you will use to monitor the campaign’s activity. (Must include screenshots of the monitoring tools that will keep track of your costs and activity).

For the survey questions below: 1) Identify the problem with each survey question (lack of simplicity, double-barreled question, loaded question, or negative wording); 2) briefly explain why the question has that problem 3) rewrite the question to reduce the problem and make it a better survey question.    a) Do you feel that assiduous students are more likely to graduate from college   b) Do you disagree with the mayor’s policy on retirement pensions?   c) Do you think that strong academics and varied social opportunities are priorities in choosing a college?   d) Do you think that overtaxing our vulnerable elderly is a heartless thing to do?

e-Test uitiple Choice. Select the letter of your answer. 1. The income statement is a statement that shows the result of the operation of the business. In the first quarter of its operation the business has a revenue of Php155,000 and cost and expense amounting to Php80,000. How much is the net income of the business? C. Php75.00 d. Php235,000 a. Php155,000 b. Php80,000 INFINIX HOT 9 PLAY Al CAMERA ntatement are nominal or temporary

Suppose a researcher aims to investigate the relationship of investment and growth of XYZ organization for the past 2.5 decades. Which type of time horizon should he used?           a. a & b is correct   b. Cross-sectional data   c. Time Series data   d. Panel data

Difference between Business statistics and Business Analytics”.

The managing director of a consulting group has the accompanying monthly data on total overhead costs and professional labor hours to bill to clients. Complete parts a through c Click the icon to view the monthly data. a. Develop a simple linear regression model between billable hours and overhead costs. Overhead Costs 105.790.5+ (47.3714) x Billable Hours (Round the constant to one decimal place as needed. Round the coefficient to four decimal places as needed. Do not include the $ symbol in your answers) b. Interpret the coefficients of your regression model. Specifically, what does the fixed component of the model mean to the consulting firm? Interpret the fixed term, bo, if appropriate. Choose the correct answer below. OA. The value of bo is the predicted overhead costs for 0 billable hours OB. For each increase of 1 unit in billable hours, the predicted overhead costs are estimated to increase by bo C. It is not appropriate to interpret bo. because its value is the predicted…

Q1. Outline underlying reasons for poor quality that may have impacted Airbnb.Q2. Examine to what extent Airbnb has the financial capabilities and competent employees to improve quality. Q3. Make recommendations to Airbnb, to improve the quality of their service by ensuring that your group suggest a suitable total quality management concept.Below are the details of the role and areas that the directors should address during the meeting.

Please help with correct answers in details: step by step as last submission were given incorrect answers A statistical program is recommended. The quarterly sales data (number of copies sold) for a college textbook over the past three years follow. Quarter Year 1 Year 2 Year 3 1 1,690 1,800 1,850 2 940 900 1,100 3 2,625 2,900 2,930 4 2,500 2,360 2,615

Describe and explain what CVP analysis is. Provide examples of how managers may use this tool for sensitivity analysis.

105 Which of the following real estate mortgage transactions is subject to the TILA-RESPA Integrated Disclosure rule (TRID)? A) Reverse mortgage B) Home equity line of credit (HELOC) C) A single-family residence loan secured by real property D) Mortgage secured by a mobile home not attached to land