687 wk4 asg| Business & Finance homework help
1. Statistical Analysis – This involves the use of statistical methods such as frequency distributions, contingency tables, and regression to analyze data sets in order to make predictions and decisions.
2. Financial Modeling – This is the process of building a mathematical model that helps managers analyze the potential financial impact of different scenarios on their businesses.
3. Predictive Analytics – Predictive analytics uses historical data along with machine learning algorithms to predict future trends or events within an organization’s business operations.
4. Data Mining – Through data mining, organizations can identify patterns in large sets of structured or unstructured data which can then be used to inform decision making and strategy formation.
Qualitative techniques for business analysis and decision-making include:
1. Stakeholder Analysis – This involves identifying who stakeholders are, analyzing their needs and interests, assessing their influence on the project at hand, and determining how best to manage relationships between them all when implementing a plan or making a decision.
2. SWOT Analysis (Strengths Weaknesses Opportunities Threats) – A tool used by organizations to assess internal strengths & weaknesses as well as external opportunities & threats that may affect an organization’s success or failure when faced with a particular problem or situation.
3. Focus Groups – Gathering together small groups of individuals from similar backgrounds in order to gain insights into particular topics through discussion rather than surveys or interviews alone allows companies to better understand public opinion about specific products/services/etc..
4 Scenario Planning – Creating various possible future scenarios based on various assumptions stipulated by management teams enables organizations not only identify potential risks but also prepare plans accordingly so they can respond quickly if certain conditions arise suddenly in the future.