Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

The final project for this course is the creation of astatisticalanalysis report. Operations management professionals are often relied upon to make decisionsregarding operational processes.

The final project for this course is the creation of astatisticalanalysis report. Operations management professionals are often relied upon to make decisionsregarding operational processes. Those who utilize a data-driven, structured approach have a clear advantage over those offering decisions based solely onintuition. You will be provided with a scenario often encountered by an operations manager. Your task is to review the “A-Cat Corp.: Forecasting” scenario,theaddendum, and the accompanying data in the case scenario and addendum.InModule Seven,you will submit yourselection of statistical tools and data analysis,which are critical elements III and IV. You will submit a 3- to 4-page paperand a spreadsheet that provides justification for the appropriate statistical tools needed to analyze the company’s data, a hypothesis, the results of your analysis,any inferences from your hypothesis test, and a forecasting model that addresses the company’s problem.Specifically, the followingcritical elementsmust be addressed:III.Identifystatistical tools and methodsto collect data:A.Identify the appropriatefamily ofstatistical toolsthat you will use to perform your analysis. What are your statistical assumptions concerningthe data that led you to selecting this family of tools? In other words, why did you select this family of tools for statistical analysis?B.Determine thecategoryoftheprovided datain the given case study. Be sure to justify why the data fits into this category type. What is therelationship between the type of data and the tools?C.From the identified family of statistical tools, select themost appropriate tool(s)for analyzing the data provided in the given case study.D.Justifywhy you chose thistoolto analyze the data. Be sure to include how this tool will help predict the use of the data in driving decisions.E.Describe thequantitative methodthat will best inform data-driven decisions. Be sure to include how this method will point out the relationshipsbetween the data. How will this method allow for the most reliable data?IV.Analyze datato determine the appropriate decision for the identified problem:A.Outline theprocessneeded to utilize your statistical analysis to reach a decision regarding the given problem.B.Explain how following this process leadsto valid,data-driven decisions. In other words, why is following your outlined process important?C.After analyzing the data sets in the case study, describe thereliability oftheresults.Be sure to include how you know whether the results arereliable.D.Illustrate adata-drivendecisionthat addresses the given problem. How does your decision address the given problem? How will it result inoperational improvement?Guidelines for Submission:Your paper must be submitted as a 3- to 4-page Microsoft Word document and attached spreadsheet with double spacing, 12-pointTimes New Roman font, one-inch margins, and at least six sources cited in APA format.Instructor Feedback:This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information,reviewthese instructions.

 
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"