Cashback Offer from 22nd to 27th July 2021. Get Flat 20% Cashback credited to your account for a minimum transaction of \$50. Post Your Question Today!

Question DetailsNormal
\$ 30.00

# Predictive Sales Report | Complete Solution | Rated A+

Question posted by

Predictive Sales Report

A retail store has recently hired you as a consultant to advise on economic conditions. One important indicator that the retail store is concerned about is the unemployment rate. The retail store has found that an increase in the unemployment rate will cause a lack of consumer spending in their stores. Retail stores use the unemployment rate to estimate how much inventory to keep at their stores, which is important in maintaining cost effectiveness. In this consultant role you will apply calculations and research to create a predictive sales report.

You will complete this project in two parts, but will submit your work as one Word document. Copy and paste your calculations from your Excel workbook into the Word document.

The Final Project must be eight to ten pages in length, excluding title page and reference page(s) and must include at least three scholarly sources, in addition to the Job and Labor Statistics site. Be sure to format your work in accordance with APA guidelines as outlined in the Ashford Writing Center.

Part I

Reference the data in this Excel Workbook to complete the following quantitative components of the predictive sales report. You will complete the calculations below in your own Excel workbook and then copy and paste from your Excel workbook into the Word document.

Calculate the mean yearly value using the average unemployment rate by month found in the “Final Project Data Set.”
Using the years as your x-axis and the annual mean as your y-axis, create a scatter plot and a linear regression line.
Answer the following questions using your scatter plot and linear regression line:

Compute the slope of the linear regression line.
Identify the Y-intercept of the linear regression line.
Identify the equation of the linear regression line in slope-intercept form.
Calculate the unemployment rate in 2016, based on the linear regression line.
Calculate the residuals of each year.
Find the latest unemployment rate in your state. You will need to go to the Bureau of Labor Statistics Website (www.bls.gov)and hover over “Subject Areas” in the top menu panel then select “State and Local Unemployment Rates” from the drop down menu under “Unemployment Rate”. Determine whether the rate in your state is within the range of the linear regression line or if it is an outlier.
Interpret your results of the model and explain how a company could use the results to drive decision making.

PART II

Next interpret the analysis from Part I to complete the following qualitative components of the predictive sales report:

Introduce the project and its significance to the retail store.
Reference the statistical analysis that you completed in Part I and explain where the data came from, what type of analysis was done, what the findings were, and whether or not you believe the data to be accurate.
Explain your data-driven conclusions regarding the effects of the changing unemployment rate on the retail store.
Predict what could occur in the future that would change your linear regression line and therefore your prediction of sales.

Writing the Final Paper
The Final Paper:

Part I must be calculated in an Excel spreadsheet and then copied and pasted into your single Word document. You must show all work and clearly label all calculations. Excel documents will not be graded.
Part II must be double-spaced and formatted according with APA guidelines as outlined in the Ashford Writing Center. Part II should be included in the same Word document as your calculations.
Your Final Project in its entirety should be eight to ten pages in length excluding title page and reference page(s) and including all calculations.
Must include a cover page that includes:
- Title of paper
- Student’s name
- Course name and number
- Instructor’s name
- Date submitted
Must include an introductory paragraph with a succinct thesis statement.
Must address the topic of the paper with critical thought.
Must conclude with a restatement of the thesis and a conclusion paragraph.
Must use at least three scholarly resources, in addition to the Job and Labor Statistics site, from the Ashford Library or other scholarly sources. Resources must be properly cited in APA guidelines as outlined in the Ashford Writing Center.
Must use APA style as outlined in the approved APA style guide to document all sources.
Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.

You must submit your work in one Word document that includes Part I and Part II.

\$ 30.00

## [Solved] Predictive Sales Report | Complete Solution | Rated A+

• This Solution has been Purchased 4 time
• Submitted On 04 Dec, 2014 05:32:41

This tutorial is rat...

Buy now to view the complete solution
Other Similar Questions
Good_...

### Predictive Key Performance Indicators

Predictive Key Performance IndicatorsPredictive Key Performance IndicatorsPredictive Key Performance IndicatorsPredictive Key Performance IndicatorsPredictive Key Performance IndicatorsPredictive Key Performance IndicatorsPre...
kimwo...

### Week 2 - Assignment - Predictive Policing

1. Compare and contrast the application of information technology (IT) to optimize police departmentsâ€™ performance to reduce crime versus random patrols of the streets. Information Technology and Performance optimization...
NUMBE...

### CIS 500 Assignment 1 Predictive Policing

PREDICTIVE POLICING Assignment 1: Predictive Policing Strayer University Dr. James K. Mukira CIS 500 Predictive Policing 1. Compare and contrast the application of information technology (IT) to optimize police de...
AceTu...

### Predictive Sales Report | Complete Solution | Rated A+

This tutorial is rated A+ previously,if you have any question than you can contact me.

...
Guard...

### CIS 500 Assignment 1 Predictive Policing

Information Technology and Performance optimization of Police department Increase in crime rate, which is widespread demands policing to be proactive rather than reactive. It requires change from traditional to strong stra...

#### The benefits of buying study notes from CourseMerit

##### Assurance Of Timely Delivery
We value your patience, and to ensure you always receive your homework help within the promised time, our dedicated team of tutors begins their work as soon as the request arrives.
##### Best Price In The Market
All the services that are available on our page cost only a nominal amount of money. In fact, the prices are lower than the industry standards. You can always expect value for money from us.