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BU6015 - Business Analytics

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Compilation of the financial statements would be a form of predictive analytics.

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Descriptive analysis is always the first type of data analytics performed.

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A company wants to maximize sales. Based on the data visualization, which business segment consistently has the highest sales?

The tree map shows the region in columns and segment in rows with the sum of sales. Following is the sales by region and segment. Consumer: central - $252,031; east - $350,908; south - $195,581; west - $362,881. Corporate - central - $157,996; east - $200,409; south - $121,886; west - $225,855. Home office - central - $91,213; east - $127,464; south - $74,255; west - $136,722.

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Benford’s law follows the distribution:

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Identify the chart type for the exhibit below.

The box plot shows dollars on the vertical axis ranging from $0 to $160 in increments of $20. The lower whisker shows a value of $2.52. The lower quartile shows a value of $13.67. The median shows a value of $30.77. The mean value shows X$38.47. The upper quartile shows a value of $54.10. The upper whisker shows a value of $109.52. The first outlier above shows a value of $120.52. The second outlier above shows a value of $140.02.

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Predicting which companies are likely to have misstated financial statements is an example of __________ in predictive analytics.

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Diagnostic analytics would be more likely to use these tools in its analysis than other types of analytics?

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An example of goal-seek analysis is determining __________.

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ANo __________ hypothesis is a hypothesis used in hypothesis testing that is opposite of the null hypothesis, or a potential result that the analyst may expect.

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What presents a collection of useful visualizations and tables to check business progress over a period of time or at a particular point in time?
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