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Applying Analytic Techniques to Business

 

This essay focuses on  Applying Analytic Techniques to Business.In the last assessment, you were asked to prepare the first part of your analytics report by cr eating graphs and calculating some descriptive statistics.

 

 Applying Analytic Techniques to Business

In the last assessment, you were asked to prepare the first part of your analytics report by cr eating graphs and calculating some descriptive statistics. In this assessment, you will write your 6-8 pageanalytics report by interpreting those graphs and statistics, and explicitly connecting those interpretations to implications in the practical business context.
The second step is interpreting and explaining those graphs and statistics in order to apply them in the business context.However, it may not be feasible or practical to gather data on the entire population. In this assessment, we begin discussing the topics of sampling and drawing inferences.

Analytics projects often result in two distinct types of reports or summaries: one tailored to the executive level, which takes the form of a presentation, and the other, a detailed analytics report, which documents an analysis so thoroughly that another analyst can reproduce the analysis exactly.
Scenario

Your supervisor has asked you to prepare a report for the quarterly company meeting.

The first part of the task was to download the data and create scatterplots and histograms, and to calculate mean, median, and mode of the stock prices that you presented graphically in your report for the last assessment. This time your task is to analyze and interpret those graphical representations of the company stocks and to write a report about your findings for your supervisor.

Your Role
You are an analyst in the same business that you used for the last assessment. Your role is to turn data into meaningful information through the use of descriptive statistics and analysis.
Instructions
After reviewing and integrating your instructor’s feedback on your previous assessment, complete the report as follows:
For each graph you created, write at least one paragraph interpreting the graph.
What does that graph represent?
What does the shape of the graph tell you about how the data have changed over time?
For each statistic you calculated, spend at least one sentence explaining what the statistic represents.
does the mean tell you?
What does it imply if the median is different from the mean?
does the standard deviation tell you about the volatility of the data?

How will you connect those interpretations explicitly to implications for the practical business context?

Create a 6–8 page report containing:
An APA-formatted title page.
A one-page introduction of your chosen company that you created in your previous assessment.
A section labeled “Graphical Representations of Data” that includes the four graphs you created as well as your interpretations of each graph.
A section labeled “Descriptive Statistics” with the statistics you calculated as well as your interpretations of the statistics.
A one-page conclusion in which you describe the potential business applications of the data and your interpretations.
An APA-formatted references page. Remember to cite the source of your financial data.

Assessment 3 Example [PDF].
Additional Requirements
Include APA-formatted in-text citations where appropriate.
Follow the typical double-spaced analytics report format.
Make sure your written communication is free of errors that detract from the overall message.

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