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BU6015 - Business Analytics

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There are two primary methods to summarize nominal data; one is counting and grouping. What is the second method?

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In time series analysis, what would be the best possible independent variable in a regression determining Sales next period, Salest+1?

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Based on the visualization in Lab 1.3 Power BI, Assessing Product (SKU) Profitability, what is the gross margin percentage of FRT-DAT in the lowest bin?

In the vertical bar graph on the left pane, the horizontal axis represents gross margin percentage (bins) ranging from 0.32 to 0.40 in increments of 0.02. The vertical axis represents gross margin percentage ranging from 0 to 10 in increments of 2. The data are shown as follows: 0.32, 4.5. 0.34 to 0.36, 7.5. 0.38, 9. 0.40, 9.2. All data are approximate. In the right pane, S K U, first description, and gross margin percentage are shown in three columns, as follows: F R T hyphen D A O, Damson, and 0.34. F R T hyphen D A T, Date, and 0.35. F R T hyphen F E O, Feijoa, and 0.34. F R T hyphen G O S Gooseberry, and 0.35. F R T hyphen G R P, Grapefruit, and 0.34. F R T hyphen H U R, Huckleberry, and 0.34. F R T hyphen J U R Juniper berry, and 0.34. F R T hyphen L O A loquat, and 0.33. F R T hyphen MUR, Mulberry, and 0.33. F R I hyphen N E N, Nectarine and 0.35. F R I hyphen O R G, Orange, and 0.35. F R T hyphen R A A, Rambutan, and 0.34. F A T hyphen T A L, tamarillo, and 0.34. Total, Damson, and 4.44.

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Descriptive statistics should be run on samples, not populations.
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What type of data indicates which transactions are returns, and which transactions are purchases?

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Testing for duplicate transactions is an example of what type of diagnostic analytics?

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The balance in the company cash account is deterministic as compared to being probabilistic.

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Nominal data is numerical data that cannot be ranked.

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Identify the chart type for the exhibit below.

The figure shows a box plot. The vertical axis shows dollars ranging from $0 to $160 in increments of $20. The lower whisker has a value of $2.52. The first quartile has a value of $13.67. The median or the second quartile has a value of $30.77. Inside the box above the second quartile the following is entered: X$38.47. The third quartile has a value of $54.10. The upper whisker has a value of $109.52. The outlier above the upper whisker has a value of $120.52. The outlier and maximum value is $140.02.

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Which of the following products did customers buy the most of? Hint: An invoice is a receipt given to a customer at the time of sale listing all of the products included in the sale.

The tree map shows a few product numbers by quantities. Following are the product numbers from the highest count to the lowest count: SKY-BAT; SKY-PLR; SKY-STK; SKY-CHG; SKY-PRK; SK2-CIK; SK2-ADP; SK2-SPK; MEM-64; MEM-128; PRK-CSE; SK2-BEA; SK2-CHG; SK2-JOY; SK2-PRK; SK2-USB; blank; SK2-STK; MEM-256; blank.

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