Assignment: Analytics Problem Statement
Analytics Problem Statement
For this assignment, you will use this"Analytics Problem Statement"template to organize your problem statement. Complete thetable below according to the directions found in your assignment.
After providing complete information below, write out your Analytics Problem Statement in the last box.
Identify any analytics-based assumptions involved in the scope of the project.
Identify the specific output measures that would be improved (e.g., profit, retention) as a result of implementing the analytics-based solution.
Identify the cost of not implementing the analytics-based solution.
Identify specific inputs and how they relate to the specific output measures.
Describe the analytics focus area, including justification for selecting the focus area to address the specific analytics problem.
Include information related to ability to obtain the necessary data for your identified business problem. Be as specific as possible.
Document the specific analytics problem statement to be addressed by the project (e.g., perform a multiple regression analysis to predict sales based on number of customers, advertising cost).
Ensure that data are available to address your business problem. You will need to provide your dataset as a part of the Topic 3 assignment. If using data from your company, ensure that proprietary concerns are addressed or approvals to use the data are obtained. If there are concerns about proprietary issues related to using company data, you can change your dataset accordingly.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.