Converting data into information to understand past and
current performance is the core of descriptive analytics and is vital to making
good business decisions.
Choose an industry, and describe the details of a specific
graphical representation of the distribution of data—a histogram. What is the
business or economic scenario?
Where to find the data needed to create a histogram? Which
company reports or documents can be used for your research?
DQ 2
Numerical measures provide an effective and efficient way of
obtaining meaningful information from data.
Correlation is a measure of the linear relationship between
two variables, such as economic growth [measured by GDP; Gross Domestic Product]
and a company’s sales/revenue.
Choose an industry/company and provide a graph of its sales
versus GDP. Examine/observe the correlation, the linkage, between the
industry/company’s sales revenue and economic growth, measured by GDP.
What are the observations?
