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ISYS 2056 Business Information Systems

Question

Answered

Task:

Miriam believes that it is time to review the effectiveness of her dance studio with regard to profitability. Is the business growing? Are her profits growing? What are the likely future trends? She wants to revise the timetable and possibly take other steps to further increase profits and has asked you to:
 
• Undertake descriptive analysis of the data she has maintained over the past four semesters.

• Provide an overview of profitability trends undertaking predictive analysis.

• Discuss the various options regarding possible future changes to the timetable based on your analysis.

• Discuss at least one business issue you have identified as a result of your data analysis that you believe may need to be further analysed. E.g.

You require further information from Miriam before you can take action. Clearly explain your reasoning.

• Make recommendations with regard to future changes which might assist in further improving profitability. Briefly justify these recommendations (i.e. prescribe what should be done and why this would be helpful, drawing on your predictive and prescriptive analysis).

ISYS 2056 Business Information Systems

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Stationary Distribution

Question1 .[ 8Marks .]ConsideraMarkovchainwith5states f 1 ; 2 ; 3 ; 4 ; 5 g andtheone- steptransitionmatrix P givenby P = 0 B B B B @ 01 = 41 = 41 = 41 = 4 1 = 201 = 200 1 = 21 = 2000 00010 00001 1 C C C C A : (a) DrawthetransitiondiagramforthisMarkovchain. (b) Identifythecommunicatingclassorclasses ...

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CSIT440-Research Methodology

Aims and Objectives: This assignment aims at establishing a basic familiarity with fundamental concepts of research methods including research design, data collection, quantitative research, statistical analysis and report writing. On completion of this assignment, you should be able to have basic ...

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ABS207 Big Data

Task: Learning Outcomes Identify and articulate relevant metrics for business performance across departments, sectors, and business types.   Identify and examine organisational challenges and appropriate data analysis approaches to provide recommendations to assist with business decision-ma ...

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Q

MGT602 Business Decision Analytics

a) Select and evaluate the usefulness of a range of decision making tools and reflect on your decision-making styles and contrast with other styles to determine the respective levels of rationality and intuition utilised b) Compare, contrast and critically evaluate sources of data as influences for ...

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