Business Finance Homework Help

Utilizing statistical and data analytic frameworks, you will be able to evaluate and analyze the role big data plays in business decision-making. You will also demonstrate the ability to analyze and graphically describe key business data in Excel, allowing business leaders to achieve competitive advantage. 

Reflection

Consider the following:

• How is data analytics different from       statistics? 
• What are the main differences between       descriptive, predictive, and prescriptive analytics tools?
• How do businesses use analytics to       convert raw operational data into actionable information?

Reflect on the following in a minimum of 500 words.

Think about the organization you work for (or any other organization you’re familiar with). Does the organization use data analytics? 

• If so, how is it used? How can the       organization improve the way it uses data analytics? What opportunities       is the organization missing out on?
• If not, how could data analytics be       used to improve the organization’s performance?