Data-Driven Decision Making task 2

INTRODUCTION


In this task, you will address the real-world business situation that you identified in task 1. Using relevant data you have gathered, analyze the data and recommend a solution. This recommendation will be included in a report that you will write, summarizing the key details of your analysis.

Note: You must successfully pass task 1 before work on task 2 is started.

Approved data analysis techniques for this task include the following:

Recommended Analysis Techniques:

•  regression (linear regression, multiple regression, or logistic regression)

•  time series or trend analysis (regression, exponential smoothing, or moving average)

•  chi-square

•  t-test

•  ANOVA

•  crossover analysis

•  break-even analysis

Additional Approved Analysis Techniques:

•  statistical process control

•  linear programming

•  decision tree

•  simulation

REQUIREMENTS


Your submission must be your original work. No more than a combined total of 30% of the submission and no more than a 10% match to any one individual source can be directly quoted or closely paraphrased from sources, even if cited correctly. An originality report is provided when you submit your task that can be used as a guide.

You must use the rubric to direct the creation of your submission because it provides detailed criteria that will be used to evaluate your work. Each requirement below may be evaluated by more than one rubric aspect. The rubric aspect titles may contain hyperlinks to relevant portions of the course.

Create a report (suggested length of 2–4 written pages or 800 words) by doing the following:

A. Summarize the real-world business situation you identified in task 1.

B. Report the data you collected, relevant to the business situation, by doing the following:

1. Describe the relevant data you collected.

2. Create an appropriate graphical display (e.g., bar chart, scatter plot, line chart, or histogram) of the data you collected.

Note: This display should be a summary or representation of your data, not raw data.

C. Report how you analyzed the data using an analysis technique from the given list by doing the following:

1. Describe an appropriate analysis technique that you used to analyze the data.

2. Include the output and any calculations of the analysis you performed.

Note: The output should include the output from the software you used to perform the analysis. Refer to ”Prepare for the Performance Assessment Task 2” in the course of study to see examples of acceptable output.

3. Justify why you chose this analysis technique.

D. Summarize the implications of your data analysis by doing the following:

1. Discuss the results of your data analysis.

Note: Refer ”Prepare for the Performance Assessment Task 2” in the course of study to see an example of an acceptable discussion of results.

2. Discuss the limitation(s) of your data analysis.

3. Recommend a course of action based on your results.

Note: Your recommendation should focus on the results of your analytic technique output from part C2.

E.  When you use sources to support ideas and elements in a paper or project, provide acknowledgement of source information for any content that is quoted, paraphrased, or summarized. Acknowledgement of source information includes in-text citation noting specifically where in the submission the source is used and a corresponding reference, which includes the following:

•  author

•  date

•  title

•  location of information (e.g., publisher, journal, or website URL)

File Restrictions

File name may contain only letters, numbers, spaces, and these symbols: ! – _ . * ‘ ( )
File size limit: 200 MB
File types allowed: doc, docx, rtf, xls, xlsx, ppt, pptx, odt, pdf, txt, qt, mov, mpg, avi, mp3, wav, mp4, wma, flv, asf, mpeg, wmv, m4v, svg, tif, tiff, jpeg, jpg, gif, png, zip, rar, tar, 7z

RUBRIC


ARTICULATION OF RESPONSE (CLARITY, ORGANIZATION, MECHANICS):

NOT EVIDENT The candidate provides unsatisfactory articulation of response.APPROACHING COMPETENCE The candidate provides weak articulation of response.COMPETENT The candidate provides adequate articulation of response.

A. SUMMARY OF SITUATION:

NOT EVIDENT The candidate does not provide a logical summary of the real-world business situation identified in task 1.APPROACHING COMPETENCE The candidate provides a logical summary, with insufficient detail, of the real-world business situation identified in task 1.COMPETENT The candidate provides a logical summary, with sufficient detail, of the real-world business situation identified in task 1.

B1. SUMMARY OF DATA:

NOT EVIDENT The candidate does not provide an appropriate description of the relevant data the candidate collected.APPROACHING COMPETENCE The candidate provides an appropriate description, with insufficient detail, of the relevant data the candidate collected, OR the data is not relevant.COMPETENT The candidate provides an appropriate description, with sufficient detail, of the relevant data the candidate collected.

B2. GRAPHICAL DISPLAY:

NOT EVIDENT The candidate does not provide a graphical display of the data collected.APPROACHING COMPETENCE The candidate provides an inappropriate and/or incorrect graphical display of the data collected.COMPETENT The candidate provides an appropriate and correct graphical display of the data collected.

C1. DESCRIPTION OF ANALYSIS TECHNIQUE:

NOT EVIDENT The candidate does not provide a description of an appropriate analysis technique used to analyze the data.APPROACHING COMPETENCE The candidate provides a description, with insufficient detail, of the analysis technique used to analyze the data, OR the analysis technique is not appropriate and/or not approved.COMPETENT The candidate provides a description, with sufficient detail, of an appropriate and approved analysis technique used to analyze the data.

C2. OUTPUT AND CALCULATIONS:

NOT EVIDENT The candidate does not include the output or any calculations of the analysis performed.APPROACHING COMPETENCE The candidate includes incorrect output or calculations of the analysis performed.COMPETENT The candidate includes correct output and any calculations of the analysis performed.

C3. JUSTIFICATION OF ANALYSIS TECHNIQUE:

NOT EVIDENT The candidate does not provide a logical justification of why the analysis technique was chosen.APPROACHING COMPETENCE The candidate provides a logical justification, with insufficient support, of why the analysis technique was chosen.COMPETENT The candidate provides a logical justification, with sufficient support, of why the analysis technique was chosen.

D1. DATA ANALYSIS RESULTS:

NOT EVIDENT The candidate does not provide a logical discussion of the results of the candidate’s data analysis.APPROACHING COMPETENCE The candidate provides a logical discussion, with insufficient detail, of the results of the candidate’s data analysis.COMPETENT The candidate provides a logical discussion, with sufficient detail, of the results of the candidate’s data analysis.

D2. DATA ANALYSIS LIMITATIONS:

NOT EVIDENT The candidate does not provide a logical discussion of the limitations of the candidate’s data analysis.APPROACHING COMPETENCE The candidate provides a logical discussion, with insufficient detail, of the limitations of the candidate’s data analysis.COMPETENT The candidate provides a logical discussion, with sufficient detail, of the limitations of the candidate’s data analysis.

D3. RECOMMENDED COURSE OF ACTION:

NOT EVIDENT The candidate does not provide a plausible recommendation for a course of action based on the candidate’s results.APPROACHING COMPETENCE The candidate provides a plausible recommendation, with insufficient support, for a course of action based on the candidate’s results.COMPETENT The candidate provides a plausible recommendation, with sufficient support, for a course of action based on the candidate’s results.

E. SOURCES:

NOT EVIDENT There is evidence of quoted, paraphrased, or summarized content without acknowledgement of source information. This level is also appropriate if task instructions require the candidate to quote, paraphrase, or summarize content from a source to complete the assessment, and this has not yet been done.APPROACHING COMPETENCE The candidate provides required acknowledgement of source information for quoted, paraphrased, and summarized content. However, in-text citations and/or source information is incomplete or inaccurate with respect to author, date, title, and/or the location of the information (e.g., publisher, journal, or website URL).COMPETENT The candidate provides source information for all quoted, paraphrased, and summarized content. Source information appears to include accurate and complete acknowledgement of source information regarding the author, date, title, and location of the information (e.g., publisher, journal, or website URL), as well as appropriate in-text citation. This level is also appropriate if there is no evidence of quoted, paraphrased, or summarized content, and it is not required by the instructions.

SUPPORTING DOCUMENTS


VPT2_Analysis_Technique_Presentation_10_26_16.pptx

Leave a Reply