What is the major issue with how jeff is using the data

Assignment Help Accounting Basics
Reference no: EM132848496

Data Grain

Competency

Support proper formulation of decision-making criteria using Business Intelligence assets.

Instructions

  • You work for a tourism board at a top destination within the United States that among other tasks, acts as a third-party reseller of attraction tickets in one of the world's top vacation destinations. The organization has an e-commerce presence where tickets are sold online, as well as a physical store location where people can go to purchase physical tickets in person. In all instances, the ticket purchases are recorded and referenced back to various marketing databases that allow the organization to see how well different promotional campaigns have done, which products sell better than others, and what time of year the sales are highest and lowest, to name but a few.Jeff, a junior financial analyst, conducts reviews of the ticket sales data with painstaking detail, often producing reports that show detail lines for each individual sale from the online web storefront and the physical store. Strategic decisions regarding sales are often made based on a few small examples of individual rows from the report and often do not always reflect the sales trends accurately.The board director does not see any issue with the reports that Jeff presents, in fact hailing his work as the best analysis he's ever seen. You have been asked to discuss the current reporting practice with the board, including Jeff, in hopes you can offer some suggestions on how the data can be better presented, as well as explain why there is too much detail in the reports to support effective decision making.

The questions they are presenting you with include:

Question 1: What is the major issue with how Jeff is using the data?

Question 2: Why is too much data grain not necessarily a benefit to the decision-making process?

Question 3: What might be a better measure of the success of ticket sales than line by line review of every ticket sold?

Reference no: EM132848496

Questions Cloud

Performance regarding the change of vision : Performance regarding the change of vision of the corporate world in relation to environmental and sustainable issues - discuss and analyze the aspects
What are the general practices surrounding data collection : Are there any risks, issues, or problems associated with collecting and storing data that isn't needed now, in the event it may be needed in the future?
Performing hypothesis testing for the claims : During the test, the mileage and the top speed is recorded for each of the prototypes. The data will be used for performing hypothesis testing for the claims ma
Calculate the economic value added : Calculate the economic value added (EVA) and the market value added (MVA) in 2019, considering that the cost of capital after tax is 12%
What is the major issue with how jeff is using the data : What is the major issue with how Jeff is using the data? Why is too much data grain not necessarily a benefit to the decision-making process?
Example of a markov chain with the desired properties : For each of the following, give an example of a Markov chain with the desired properties. You may exhibit the chain in any way that makes the example clear
Probability that exactly 5 americans believe in evolution : 1. A recent poll showed that 42% of Americans do not believe in Darwin's Theory of Evolution. If 15 Americans are randomly selected, what is the probability tha
How can business intelligence practices improve member : Is there a need for a full business intelligence team in our organization, or can we work within our current employee base and just add duties?
What is the probability that 3 people will have serious : What is the probability that 3 people will have serious medical issues with their medicine? Give answer to 3 decimal places.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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