Business Finance Homework Help

Gathering and Organizing Your Data

Having identified the types of data you will need, it’s time to gather, review, and organize your data. This is a critical step in preparing to demonstrate to your Board of Directors that there is a legitimate demand for a solution to the problem you want to solve or the opportunity you want to explore.

In your post, answer the following questions:

• What sources did you use to gather your data, and why did you use these?
• What impact will any gaps in your data have on the validity of your analysis? How will you address this?
• How should you organize your data so that important patterns, trends and anomalies are clearly visible?
• Which analytical method (Descriptive, Predictive, or Prescriptive – see Davenport & Kim pp. 3-5) did you use to assess your data? Why did you choose this method over others?