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In this task, you will identify a real-world business situation and use real data to perform a data analysis leading to an actionable recommendation. You are encouraged to select an issue in your workplace or program specialty area (e.g., IT management, HC management, or MBA) Use the Ã¢â‚¬Å“Determining the Appropriate Analytical TechniqueÃ¢â‚¬Â presentation in the Attachment section below and/or speak with a course instructor to help you identify the appropriate analysis technique to analyze data for these tasks. Approved data analysis techniques include the following: Recommended Analysis Techniques: Ã¢â‚¬Â¢ regression (linear regression, multiple regression, or logistic regression) Ã¢â‚¬Â¢ time series or trend analysis Note: you need to specify the specific type(s) of time-series analysis you plan to use or consider in Task 2 Ã¢â‚¬â€œ i.e., regression, exponential smoothing, moving average, seasonality using multiple regression Ã¢â‚¬Â¢ chi-square Ã¢â‚¬Â¢ t-test (one sample, two independent samples, or paired) Ã¢â‚¬Â¢ ANOVA Ã¢â‚¬Â¢ crossover analysis Ã¢â‚¬Â¢ break-even analysis Additional Approved Analysis Techniques: Ã¢â‚¬Â¢ statistical process control Ã¢â‚¬Â¢ linear programming Ã¢â‚¬Â¢ decision tree Ã¢â‚¬Â¢ simulation A. Describe a real-world business situation that could be addressed by collecting and analyzing a set of data. Note: The data can be from your workplace, from publicly available sources, or primary data that you collect on your own (e.g., a survey or behavioral observations). 1. Complete the Ã¢â‚¬Å“Project Waiver or Release StatementÃ¢â‚¬Â by putting a check mark in one of the checkboxes in the attached Task 1 Template. a. If you select the second option, Ã¢â‚¬Å“My project is based upon and/or includes Restricted InformationÃ¢â‚¬Â, You must complete the attached Ã¢â‚¬Å“Organization Verification FormÃ¢â‚¬Â. You need to complete page 1 first and then submit the entire document to your chosen organization. The organization must complete page 2 and provide you with a completed form. YouÃ¢â‚¬â„¢ll submit the completed Ã¢â‚¬Å“Organization Verification FormÃ¢â‚¬Â as a separate attachment with Task 1 template. See the attached Ã¢â‚¬Å“Electronic Signature InstructionÃ¢â‚¬Â for instructions on how to electronically sign the attached Ã¢â‚¬Å“Organization Verification Form.Ã¢â‚¬Â This form is not published and will remain confidential. The organizationÃ¢â‚¬â„¢s name should be used on this form but can be changed to a fictional name for the remaining tasks. 2. Summarize one question or decision relevant to the real-world business situation that you will answer by collecting and analyzing a set of data. 3. Explain why the situation or question would benefit from a data analysis. 4. Identify all of the data that you will need to collect that is relevant to the situation or question. Note: Identify the specific data relevant to part B1, such as time period, sample size, etc. Note: A sample size of 30 is the suggested minimum size. 5. Describe the data gathering method you will use to collect data. Note: The data gathering method can include data sources (e.g., databases, surveys, behavioral observations, online sources, etc.) 6. Identify an appropriate data analysis technique from the approved list above to analyze this data. a. Explain why the data analysis technique you chose is an appropriate technique to analyze the data collected. Note: Use the Ã¢â‚¬Å“Determining the Appropriate Analytical TechniqueÃ¢â‚¬Â presentation in the Attachment section below to help you determine the appropriate analysis technique for your data and business situation or speak with a course instructor. B. Acknowledge sources, using in-text citations and references, for content that is quoted, paraphrased, or summarized. C. Demonstrate professional communication in the content and presentation of your submission. See les
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