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BU6015 - Business Analytics

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Tyson Chicken monitors the standard cost of a pound of chicken on a continuous basis, incorporating the latest data into their costing. The frequency of updating the costs would address which aspect of Big Data?

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Based on the regression output generated in Lab 3.5 Excel, Deriving Cost Drivers for Activity-Based Costing (Regression Analysis), which of the following statements about the cost drivers for overhead cost per delivery is true? Assume alpha is set at 0.05.

The excel sheet titled summary output contains 3 tables. The table at top contains 2 columns and 6 rows with the following sub-title: regression statistics. The row entries are as follows: row 2 - multiple R; 0.89679396. Row 3 - R square; 0.80423941. Row 4 - adjusted R square; 0.79926245. Row 5 - standard error; 4.49411051. Row 6 - observations; 122. The table below titled Anova contains 6 columns and 4 rows. The headings of columns 2 to 6 are as follows: d f; S S; M S; F; significance F. The row entries are as follows: row 2 - regression; 3; 9791.057335; 3263.685778; 161.5923672; 1.2764E-41. Row 3 - residual; 118; 2383.249459; 20.19702932; blank; blank. Row 4 - total; 121; 12174.30679; blank; blank; blank. The table below contains 7 columns and 5 rows. The headings of columns 2 to 7 are as follows: coefficients; standard error; t stat; P-value; lower 95%; upper 95%. The row entries are as follows: row 2 - intercept; 15.6744488; 2.968641478; 5.280007332; 5.96789E-07; 9.795730433; 21.55316711. Row 3 - miles per delivery; 0.45479993; 0.096881262; 4.694405458; 7.27182E-06; 0.262948651; 0.646651202. Row 4 - time per delivery; 1.88046082; 0.117656896; 15.98258056; 2.66501E-31; 1.64746813; 2.113453501. Row 5 - weight per delivery; -0.0022603; 0.002852916; -0.792275398; 0.429790028; -0.00790985; 0.003389256.

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Which of the following would be considered an example of unstructured data?

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

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To compute the percentage change in a horizontal analysis from last year to this year, the computation will be:

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What term refers to all the items, events and interactions that determine a company’s financial health?

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An analysis which expresses financial information in relation to some relevant figure or base is called ________.

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Assume that a company, UGrowIt, helps people who are new to growing vegetables or have not been successful at growing vegetables in the past. UGrowIt’s employees called Growers travel to people’s gardens and provides gardening advice on how to get started, eliminate pests and insects, or troubleshoot other gardening problems. Each Grower maintains a log of miles traveled as well as time spent at each client and enters the data into the company’s ERP system at the end of every day. If the CEO wants to analyze the total miles and average time spent with a client by Grower for the month of March which of the following approaches would be appropriate?

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________ analytics are often the first type of analytics performed that leads to other types of analytics for further investigation.

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Predicting whether it will rain tomorrow or next week is more deterministic than reporting the rain that happened yesterday.

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