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BUS501 Business Analytics And Statistics

tag 0 Download 10 Pages / 2,407 Words tag 16-07-2021

Question:

The data is inclusive of a whole year of trading. This is the second year of business and the business is still in a start-up phase. The reported high Cost of Goods (COGS) is reportedly consistent with the Organic industry.

Task instructions:

1)Ensure the dataset is appropriately scaled (each measure in SPSS must be set correctly). Report on what you changed.

2)Produce descriptive statistics (see lecture 1) for the most appropriate variables to give an overview of how the business and its products are performing

3)Use the statistical analyses you have learned to answer all of the questions below

As guide - answer these main research questions:

1.What are the top/worst selling products in terms of sales?

a.Is there a difference in payments methods?

2.Are the differences in sales performance based on where the product is located in the shop? How does this effect both profits and revenue?

3.Is there a difference in sales and gross profits between different months of the year?

4.Are their differences in sales performance between different seasons?

a.How does this relate to rainfall and profits?

  • Problem definition and business intelligence required  Outline the research questions and list what analytics methods you have chosen to answer each one and why
  • Visualise the descriptive statistics using what you have learned show the relevant descriptive statistics through data visualization/ graphical displays (Tables, graphs, pie charts etc.).
  • Results of the selected analytics methods and technical analysis use each research question as a heading then present the analysis findings and explain them. Higher marks for including extra research questions not defined here and creating nice tables/displays opposed to copy and pasting directly from SPSS output.
  • Discussion of the results and recommendations Based on the analyses what conclusions about the business can be summarized/drawn and what recommendations can be offered to the CEO.

The main research questions for this report are;

What are the top and worst performing products in terms of sales?

Are there differences in payment methods?

Are the differences in sales performance based on where the product is located in the shop? How does this affect both profits and revenue?

Is there a difference in sales and gross profits between different months of the year?

Are their differences in sales performance between different seasons?

How does this relate to rainfall and profits?

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Total 10 pages

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My Assignment Help. (2021). BUS501 Business Analytics And Statistics. Retrieved from https://myassignmenthelp.com/free-samples/bus501-business-analytics-and-statistics/planning-implementation-and-control.html.

My Assignment Help (2021) BUS501 Business Analytics And Statistics [Online]. Available from: https://myassignmenthelp.com/free-samples/bus501-business-analytics-and-statistics/planning-implementation-and-control.html
[Accessed 07 February 2023].

My Assignment Help. 'BUS501 Business Analytics And Statistics' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/bus501-business-analytics-and-statistics/planning-implementation-and-control.html> accessed 07 February 2023.

My Assignment Help. BUS501 Business Analytics And Statistics [Internet]. My Assignment Help. 2021 [cited 07 February 2023]. Available from: https://myassignmenthelp.com/free-samples/bus501-business-analytics-and-statistics/planning-implementation-and-control.html.


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