Recommend operational improvements to stakeholders, statistics homework help
Analyze data to determine the appropriate decision for the identified problem:
Outline the process needed to utilize your statistical analysis to reach a decision regarding the given problem.
Explain how following this process leads to valid, data-driven decisions. In other words, why is following your outlined process important?
Thoroughly addressed the requirements given in the addendum using all the data given in addendum and the A-Cat Corp.: Forecasting document including the use of descriptive statistics, a one-sample t-test, ANOVA, and regression analysis equation as the model for forecasting transformer requirements.
After analyzing the data sets in the case study, describe the reliability of the results. Be sure to include how you know whether the results are reliable.
Illustrate a data-driven decision that addresses the given problem. How does your decision address the given problem? How will it result in operational improvement?
Recommend operational improvements to stakeholders:
Summarize your analysis plan for both internal and external stakeholders. Be sure to use audience-appropriate jargon when summarizing for both groups of stakeholders.
Explain how your decision addresses the given problem and how you reached that decision. Be sure to use audience -appropriate jargon for both groups of stakeholders.
Justify why your decision is the best option for addressing the given problem to both internal and external stakeholders and how it will result in operational improvement. Be sure to use audience-appropriate jargon when communicating with stakeholders.
Requirements:
You will submit a 2-to 3-page paper and a spreadsheet that provides justification of the appropriate statistical tools that are needed to analyze the company’s data, a hypothesis, the results of your analysis, any references from your hypothesis test, and a forecasting model that addresses the company’s problem and your recommendations to management (6) APA sources is required.
