Assignment 2: Interpreting Business Data
Welcome to Assignment 2 of the course “Understanding Business Data for Decision Making”. In this assignment, you will have the opportunity to further enhance your knowledge and skills in interpreting business data. This assignment assumes that you have completed the prerequisite content on Introduction to Business and Management Data.
Scenario:
You are a data analyst working for a retail company. Your task is to analyse the sales data from the past year and provide insights to the management team. The management team is particularly interested in understanding the relationship between sales, costs, and profits.
Task:
Using the provided sales data, you are required to:
- Analyse the sales data to identify trends and relationships between sales, costs, and profits.
- Interpret the analysed data and provide insights to the management team.
- Suggest potential business decisions based on the outcomes of your analysis.
Instructions:
Follow these steps to complete the assignment:
- Download the sales data file from the course website.
- Analyse the data using appropriate numerical analysis techniques to identify trends and relationships.
- Write a report summarizing your findings and interpretations.
- Based on your analysis, suggest potential business decisions that the management team could consider.
- Submit your report along with any supporting charts or graphs.
Submission Guidelines:
Please submit your completed report in PDF format. Include any supporting charts or graphs as separate attachments. Submit your assignment through the course website by the specified deadline.
Good luck with your assignment! If you have any questions, please don’t hesitate to reach out to your instructor.