Business Statistic Discussion: "Building and Using Models"
• Imagine that you are a business manager for a mid-sized company. Propose one overall strategy to build an effective business model in order to both monitor / control changes in business process and predict future business performance for your company. Provide a rationale (e.g., verification process) for your response.
• Per the textbook, in order to understand the causal relationship in business process, manager often asks "whys" to drill down the root cause of failures. Select one project from your working or educational environment and propose at least three "why" questions that you would ask in order to identify root cause of problem. Justify your responses.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.