User Account

All Pages

Write a summary to upper management

Assignment Help Applied Statistics
Reference no: EM131624284

Understanding Business Drivers and Improving Business Forecasts

Project

Assignment Description

A high-end market research firm has contacted your boss and is trying to sell some business to your organization. Upper management does not want to appear incompetent, so they have asked you to research and explain three major ways multivariate statistics are used in a business.
Research the library to find at least one example of how a real company has used each of the following multivariate techniques: factor analysis, multidimensional scaling, and cluster analysis. NOTE: Companies that provide statistics software Web sites and market research firm Web sites usually include case studies and customer testimonials.

Write a summary to upper management explaining the following:

Your chosen multivariate technique

How your chosen multivariate technique is different from the other two techniques

How at least one other real-life company has used your chosen multivariate technique to address a business program

How your chosen multivariate technique might be used at your own organization.

Please add your file.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Deliverable Length: Individual Portion: 1,000-2,500 words

Verified Expert

This assignment has given importance to the study of the business problem, analyzing the objective and understanding the concepts of multi-dimensional scaling, factor analysis and cluster analysis. Emphasis has been led on the features, advantages and disadvantages of these three techniques of the multivariate method. It was concluded that the business should adopt the multi-dimensional scaling as this is the best suitable as per the objective of the business research. The assignment has also discussed the real time business and the areas in which these techniques are utilized.

Reference no: EM131624284

Questions Cloud

Discuss whether reids statements : Discuss whether Reid's statements about the restaurant's owner, bartender, and customers are protected by the U.S. Constitution
Should rania make the proposed investment : Rania Farouk must earn a return of 12% on an investment that requires an initial outlay of $2,000 and promises to return $6,000 in eight years.
A supervision officer for a certain amount of time : Do you think every inmate released should have a supervision officer for a certain amount of time? Why or why not? What would the benefits of that be?
Ratio of the rate of return on the calls : Assume that the stock price rises to 125 by the option expiry date, what is the ratio of the rate of return on the calls over the return on the stock?
Write a summary to upper management : Write a summary to upper management explaining Your chosen multivariate technique - How your chosen multivariate technique is different from the other two techniques
What is the expected total return in dollars : Refer to the table in Problem. What is the expected total return in dollars and as a percentage of your original investment if you purchase 100 shares.
Overlapping of jurisdictions pose in the fight : Identify the specific challenges that overlapping of jurisdictions pose in the fight against cyber-crime.
Textbook details the term cannibalization : On page 457, your textbook details the term Cannibalization. identify two corporations that have dealt with cannibalization and what steps
Find the required returns for given investments : Given a real rate of interest of 3%, an expected inflation premium of 1.5%, and risk premiums for investments A and B of 5% and 6.5%, respectively.

Reviews

inf1624284

10/23/2017 4:40:17 AM

They are always try to provide outstanding service on your assignment, high quality service and 100% guarantee for all of your work. I recently used them for my couple of assignments and i was so satisfied with their standard assignments delivery. Thanks again.

len1624284

9/2/2017 3:39:49 AM

How at least one other real-life company has used your chosen multivariate technique to address a business program How your chosen multivariate technique might be used at your own organization. Please add your file. For assistance with your assignment, please use your text, Web resources, and all course materials. Write a summary to upper management explaining the following: Your chosen multivariate technique How your chosen multivariate technique is different from the other two techniques

Write a Review

Applied Statistics Questions & Answers

  Describe relation between origin and overal design quality

Set up rows corresponding to the United States and Europe, and set up columns corresponding to the ratings "among the best" through "the rest." Describe any apparent relationship between origin and overall design quality.

  College do not differ in height from apex men

Consider the following: Your friend wishes to know if men at his college are 72 inches tall, on average. He randomly sampled 10 men on his campus, measured their height, and calculated the sample mean to be 69 inches. He concluded that men at his col..

  Give the null and alternate hypotheses

A survey of people in Iowa showed that 40 out of 400 prefer watching TV comedy shows. Another survey in Colorado showed that 90 out of 600 prefer watching TV comedy shows. At a 1% significance level, would it seem that the true proportions of p..

  Comparing a new pain medication for arthritis

A clinical trial is conducted comparing a new pain medication for arthritis. Participants are randomly assigned to receive the new medication or a placebo. The outcome is pain relief within 30 minutes.

  Create a new folder named final in your computer

Create a new folder named Final in your computer. Specify a library reference name for this library and read the dataset in Table 1 into the library.

  Formulate a hypothesis for a chi-square test

Indifferent about a change in the company retirement program - Formulate a hypothesis for a chi-square test and the way the variable would be created.

  A random sample of customer order totals

A random sample of customer order totals with an average of $78.25 and a population standard deviation of $22.50. Calculate a 90% confidence interval fro the mean, given a sample size of 75 orders.

  Test of two means

Test of two means.

  Mean number of hours spent per week by industry

At the .05 significance level, can she conclude there is a difference in the mean number of hours spent per Week by industry?

  The variable of interest has a binomial distribution

Determine whether the variable of interest has a binomial distribution.

  The frequency distribution of daily high temperatures

Question: 1) Suppose that the frequency distribution of daily high temperatures in a city are normally distributed with a mean of 60 degrees. Suppose that roughly one day every two years has a high temperature of 90-degrees or warmer. If this is the ..

  What does it mean to set alpha at .05

What does it mean to set alpha at .05?What is your null hypothesis? Alternate hypothesis?Is this a one-tailed or two-tailed hypothesis?Calculate the obtained z. Do you reject or fail to reject the null hypothesis?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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