Picture of the author
Study Locus

Answered: Deliverable 4 – predictive analysis for data-driven decisions | Business Intelligence and Analytics | Rasmussen College System

 Scenario

You are the manager of a local retail store. To help make decisions within your organization, you recently completed your MBA with an emphasis in business analytics. You have developed the following estimated regression equation to help make data-driven decisions for the store. 

Y = 22,100 – 412×1 + 818×2 – 93×3 – 71×4

Where:

· Y = weekly sales

· x1 = local unemployment rate

· x2 = weekly average high temperature

· x3 = number of activities in the local community

· x4 = average price of gasoline per gallon

Instructions

Use the above equation and information to answer the following questions in a Word document, and create a guideline to use for future business decisions: 

  1. Based on the equation above, please provide the value for x1, x2, x3, and x4. Also, explain what these values mean in the context of this question. For example: What does the value of 818 mean in the equation above (specify if it is x1 or x2 or x3 or x4, and explain what those values mean based on the equation and context)?
  2. What are the estimated weekly sales if the unemployment rate is 3.7%, the average high temperature is 670, there are 10 activities, and the average price of gasoline is $3.39 per gallon? 
  3. What recommendations or decisions could you make based on the predictive analysis in question 2?  

Grading criteria:

Clearly and strongly, used correlation and regression analysis techniques to examine relationships (thoroughly explained values based on the equation and context).

Skillfully evaluated data mining techniques used to enhance managers’ decision-making (estimated weekly sales based on values given).

Clearly and strongly utilized predictive modeling to propose business recommendations, using clear examples in a well-analyzed guideline, and based on predictive analysis in question 2.

Get unique answers on this homework or any other assignment. order here

Secure payment powered by PayPal
Type of Paper
Academic Level
Deadline (days)
Pages
0
0
Price: $0 Words: 0

Affordable Pricing

High School
From$10page
College
From$13page
University
From$14page

  In what ways will intercultural communication be a part of your life over the next ten or so years? Are there any that you are especially concerned about? Please provide details and examples to help explain your point. Please respond in 150 words or more to this week’s question. Also, respond to the thoughts […]

  Describe one type of interpersonal interaction at which you’d like to be more effective. Why is this important to you? Please respond in 200 words or more to this week’s question. Two substantive responses to two different peers are required within three days of the start of the discussion forum week. In addition, students […]

  Quantitative methods have been the traditional hallmarks of scientific inquiry.  From an early age, we are all aware of the mathematical rigors involved in quantitative analyses. In the discipline of criminal justice, researchers utilize a variety of statistical tools with which to analyze empirical data. The inferences and conclusions that are drawn from such […]

  Imagine you are the HR manager of a local health care organization. You have received a complaint from an employee claiming that they are being paid less than a co-worker who started their employment on the same day and who has the same job title and responsibilities. Discuss your initial approach to dealing with the […]

  Select two works of architecture from within your city, county, or state. The works of architecture may be buildings, bridges, or monuments. All communities have architectural structures — from rural areas to large cities. You do not need to have seen the works of architecture yourself, but they should be structures that are within […]

  Familiarize yourself with the following terms and concepts discussed this week in preparation for completion of this assignment: strategic management, competitive advantage, strategic plan, mission statement, vision statement, core values statement, AFI. Create a strategic management journal (APA paper). You will use information from this entry in your presentation due in Week 5. Respond […]

  Read Steven Strauss’ article, The Connection Between Education, Income Inequality, and Unemployment (Links to an external site.). Describe how a country can measure its income inequality. Evaluate the effect of income inequality on the U.S. economy, such as unemployment, economic growth, and other economic factors. Estimate the gap between those who hold bachelor’s and higher (master […]

 Go to MIT’s Living Wage Calculator website and look up your town/city. Report your findings using the following questions: My town is Fayetteville NC What is the living wage (average cost of living with necessities) for your town/city? Look up current job listings in your area. You can also research job listings for your desired […]

   Mr. Frank  is a 42-year old male who presents to the free- clinic with complaints of a cough and fever. He reports cough and fever began 2 weeks ago. Symptoms initially were accompanied by dyspnea on exertion, but he is now short of breath even at rest. Upon taking history, the Nurse Practitioner discover […]

   Read this student response attached with YOUR opinion but include a NARRATIVE CITATION TO reference and support your thoughts THE CITATION MUST BE A NARRATIVE CITATION TO RECIEVE CREDIT 150 WORDS MINIMUM NO MORE THAN 300 the professor is very specific ! your response must have a narrative citation along with your response- research […]

Assignment Instructions:Chapter 5 “It is estimated that 20% of people age 55 years or older experience some type of mental health concern (6). The most common conditions include anxiety, severe cognitive impairment, and mood disorders (such as depression or bipolar disorder) (6). Mental health issues are often implicated as a factor in cases of suicide. […]

  Complete two problems related to strategically managing global financial issues. The problems focus on currency appreciation and exchange rates. Introduction By successfully completing this assessment, you will demonstrate your proficiency in the course competencies through the following assessment scoring guide criteria: Competency 6: Strategically manage global financial environment. Calculate currency appreciation rates. Calculate cross […]