puterised statistical processe

Q: Current and innovative trends in the use of BPMN (Business Analysis)

A: BPMN can be known as “Business Process Model and Notation” which is a graphical representation in…

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: What means "small data"?

A: Small data is data submitted in a volume and configuration which makes it informative, accessible,…

Q: Qualitative methods of forecasting does not include: consumer market survey jury of executive…

A: Forecasting is the prediction of future demands of the goods and in accordance with which the…

Q: Why did statistical quality control ideas catch on in the 1940s?

A: Till 1940's, though the statistical quality control chart were developed. these were utilized to…

Q: statistical data

A: Excel can create a pivotal table after a proper recommendation. Pivotal tables are great ways…

Q: explain how alternative method of sampling used in the process of gathering data to support decision…

A: Sampling is a way of deciding the option available to the company to collect data from different…

Q: While querying the company's databases marketing researchers for a convenience store chain…

A: While querying to the company's database, marketing researchers for a convenience store chain…

Q: What is the group of information representing the qualitative or quantitative attributes of a…

A: Quantitative Attribute (QA) is a unique characteristic used to evaluate values, i.e., it is used to…

Q: Compose a short text about qualitative data analysis.

A: Data analysis is described as a process of processing raw data, changing and cleaning raw data,…

Q: 1- ____________ is a monitoring and search service for global research publications. a. Financial…

A: In the digital world, it has been very easy to gather information at the touch of…

Q: Define statistical database.

A: Statistical research is used extensively in organizations so that past performance can be used to…

Q: Can you describe when is it accurate to use systematic sampling or when is it not? Provide an…

A: Systematic sampling is a probability sampling method in which the researchers select members of the…

Q: The contribution of application of statistical techniques?

A: Statistical process control (SPC) is a tool for deciding whether a process is stable or under…

Q: Define the following: Open – ended questions Closed questions Qualitative observational tests

A: Questions are anything asked by a person seeking a response from another. It may be a query, doubt…

Q: Explain what is meant by the term decision tree ?

A: The decision making process can be defined as a business process in which the professionals try to…

Q: Identify the different types of surveymethods.

A: Research is the most important activity in any field. It has the humanity to understand better about…

Q: Describe the common sampling schemes?

A: The common types of sampling schemes are as follows: Simple random sampling: This is utilized, when…

Q: 3 Issues in Business Analytics that has concerns to Ethics

A: Business analytics are widely used in management as business intelligence. This is because executive…

Q: Assume you are the Marketing Manager for Wawa. #3. Create a perceptual map using two variables of…

A: About Wawa:  It was founded in 1803 and merged in 1865 as a textile manufacturer. Later company…

Q: describe four measurement scales used in business research.

A: Business research is a practical study about the data of the business that has to be studied…

Q: Describe the contribution of application of statistical techniques

A: SPC is indeed a technique for determining how a series is stationary or under control. Two of…

Q: what are the pros of In-Office survey ?

A: An in-office/ workplace/ employee survey is characterized as a kind of survey poll to acquire…

Q: Explain and Describe the contribution of application of statistical techniques ?

A: Statistics is the process of gathering, organizing and analyzing data in order to extract insights…

Q: different sampling methods in business research?

A: Sampling is the activity performed by the researchers to select a few items from the population for…

Q: Summarize the differencesbetween secondary data andprimary data.

A: Data collection plays a very crucial role in the process of analyzing data. In research, there are…

Q: Seven steps in hypothesis testing for real world scenario of clothing

A: The Seven Steps in hypothesis testing for the real-world scenario of clothing  We can say that…

Q: List and describe the stages involved in data analysis.

A: Below mentioned are the various importance of data analysis: 1. The first importance of data…

Q: Six factors are used to assess the quality of data.

A: Accuracy : Among marketers who purchase demographic data, 84% say that accuracy is vital to their…

Q: Difference between Business statistics and Business Analytics”.

A: Business environment could be considered as turbulent, as the changes in the market trends might not…

Q: Why is an expanded concept of "variation" necessary in statistical improvement?

A: The variance of a given cause is an unexpected deviation that occurs from a cause that is not an…

Q: rescarcher wanted to study if family factors had an impact of academic achievement. The family…

A: Hi, we are supposed to answer three subpart at a time. Since you have not mentioned which subpart to…

Q: Make a comparative analysis out of your answers in the plotted data. (3-5 ntences)

A: THE ANSWER IS AS BELOW:

Q: is

A: Talking about the difference between the stratified random sampling and cluster sampling then, the…

Q: Explain the 6 steps of the data analysis process using 'Example Monitoring Water Quality'.

A: Data analysis is a process of cleaning, transforming, and modelling data to discover useful…

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.