Variety of methods to analyze data sets

Assignment Help Operation Management
Reference no: EM132699152

During the course, you have applied a variety of methods to analyze data sets and uncover important information used in decision making. Having a good understanding of these topics is important to be able to apply them in real-life applications. Below are some of the key elements that were discussed throughout this course. Analyze each of the elements below. In your analyzation, consider and discuss the application of each of these course elements in analyzing and making decisions about data. Incorporate real-life applications and scenarios.

The course elements include:

Probability

Distribution

Uncertainty

Sampling

Statistical Inference

Regression Analysis

Time Series

Forecasting Methods

Optimization

Decision Tree Modeling

The paper must (a) apply and reference new learning to each of the ten course elements, (b) build upon class activities or incidents that facilitated learning and understanding, and (c) present specific current and/or future applications and relevance to the workplace for each of the ten course elements. The emphasis of the paper should be on modeling applications, outcomes, and new learning.

Reference no: EM132699152

Questions Cloud

Calculate total saving for the month of january and feb : The variable expenditure is expected to decrease by 5% for the month of Feb 2015. Calculate total saving for the month of January and Feb 2015
Explain the various evidence-based approaches : Given the various evidence-based approaches that can be used in addressing the observed problem, situation, or issue, think about a plan for approaching.
What is the present value of stream of payments : You purchase a RM1,000 asset for RM800. It pays RM60 a year for seven years at which time you receive the RM1,000 principal. Prove that the annual return
Record the appropriate journal entry for each of transaction : In 2021, Borland Semiconductors, Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the transactions
Variety of methods to analyze data sets : During the course, you have applied a variety of methods to analyze data sets and uncover important information used in decision making.
Total production costs-k-too everwear corporation : K-Too Everwear Corporation can manufacture mountain climbing shoes for $15.5 per pair in variable raw material costs and $12.11 per pair in variable labor expen
Compute what would be approximate value after the split : If Kinmi's stock price had been $48 at the time of the split, what would be its approximate value after the split (other things equal)?
Create an effective professional identity : In 500 words, describe the components necessary to create an effective professional identity and explain why professional networks are essential for.
Write memo presenting the issues and the risks : David Savage asked you to write memo presenting the issues and the risks associated with consultants

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd