MITS6002 Business Analytics Assignment Problem

Reference no: EM132387192

MITS6002 Business Analytics Assignment - Victorian Institute of Technology, Australia

Q1. Carefully Read the "CommBank Retail Business Insights Report FY18" provided with this as an attachment and answer the below questions.

i. Comment on the insights report based on the overall features; including the quality of visualisations, presentability, and the information provided.

ii. List the key information you derive from this insights report and explain how they will be useful in decision making.

iii. Write an abstract (one paragraph) summarising the insights report.

iv. Suggest improvements to this insights report.

Q2. Regression analysis is a commonly used technique to find relationships among variables. Answer the below questions based on regression analysis.

i. Provide an example where regression analysis can be effectively used.

ii. Collect height and weight data from 10 friends/relatives of yours and complete the below table. Every student in class should have a unique set of values.

iii. Draw a scatterplot based on above data. Based on your plot comment on the relationship between height and weight.

iv. Compute the equation of the regression line.

v. Calculate the R² value and comment on the goodness of the fit.

vi. Use an analytics tool of your choice to calculate the values for iv, and v. Compare them with your answer.

Q3. Classification and regression are commonly used processes in business analytics.

i. Briefly explain the difference between classification and prediction.

ii. Give examples for classification methods you know.

iii. The following diagram shows a neural network with one hidden layer.

Write down the algebraic equation for y₁ in terms of input values i₁, i₂ and weights w.

Briefly explain how neural networks are used for classification.

iv. Give at least three examples how clustering can be used in business analytics. In your answer explain how each business case could be addressed using clustering.

Attachment:- Business Analytics Assignment File.rar

Reference no: EM132387192

Questions Cloud

CSI6205 Digital Forensics Assignment Problem : CSI6205 Digital Forensics Assignment help and solution, Edith Cowan University, Assessment help - Examine the functionality and challenges of different types

Significant impact on the different racial : Which of these concepts (stereotyping or stigmas) do you think has the most significant impact on the different racial and ethnic groups in our society? Why?

Difference between racial stigma and racial stereotyping : Describe the difference between racial stigma and racial stereotyping. Provide an example of each. How do these practices contribute to racial tension

Reparations from the united states government : Should African Americans have a case for reparations from the United States government? Why or why not? What form do you think such reparations should take?

MITS6002 Business Analytics Assignment Problem : MITS6002 Business Analytics Assignment Help and Solution - Victorian Institute of Technology, Australia - Write an abstract summarising the insights report

How do interactionists and conflict theorists view aging : How do interactionists and conflict theorists view aging? How does their view differ from functionalists?

Three sociological paradigms views gender : Explain how each of the three sociological paradigms views gender. Provide an example for each.

Group become self-fulfilling prophecies : In A Class Divided, how did the negative and positive labels placed on a group become self-fulfilling prophecies?

Discrimination on individuals of multiracial backgrounds : Explain the impact of discrimination on individuals of multiracial backgrounds. Describe the impact of biracial/multiracial or multi-ethnic distinction on our s

User Account

All Pages