CTU Business Drivers and Analysis of Effectiveness Correlations Questions
Description
For this assignment, do the following:
Download the file Sample Data.
Prepare a chart similar (do not the same variables) to the one in the downloaded file to indicate whether the correlation between variables A and B were found to be positive, negative, or minimal.
- Provide an explanation and justification for your decisions.
In your own words, explain what it means if the correlation of 2 variables is positive, negative, or minimal (close to 0), and give an example of each.
- What do you deduce from the correlations? Explain if you believe these to be short or long-term objectives and outcomes.
What are the implications for Big D Incorporated regarding its client in the outdoor sporting goods?
What are the implications for the penetration into the indoor sporting goods market?
- Also, how can you use the correlation tools to identify the variables in the research toward the expansion into the indoor sporting goods market?
Unit 5 Assigned Reading:
Essentials of Business Statistics: Appendix A
- Read the following article:
- Maalerud, E. (2020). How predictive forecasting can benefit your business. https://www.sapanalytics.cloud/resources-predictive-forecasting/
- There are additional resources under Unit 5 Books & Resources in the MUSE section, however I am not able to download them to attach them. I will provide my username and password information.
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