Learning Outcomes:
• Apply statistical analysis tools to evaluate data.
• Interpret statistical results, apply to decision-making, argue a decision, and write a report.
Managers/Leaders need to understand how data increases their ability to link information, performance, and strategy more effectively to make sound decisions. By identifying how business processes and operations link to data, organizations can turn that data into information that can be used for decision-making purposes. For instance, many organizations use different sources of information for planning, trends analysis, and managing performance. For the final part of the project, you will see the significance of decision making in relation to data analysis.
For this section of your paper, present your findings from the data you have collected, and discuss what this information means as a Manager/Leader. Also, be sure to speak to what decisions can be made based upon this output, and identify any gaps that may be present. If there are gaps, would a qualitative study help the decision-making process, or do you need to consider more data inputs? Be sure to defend/justify your reasoning with critical analysis, and academic sources where needed. Remember, it is important to use thought leaders work to add credence to your own analysis to defend your own analysis.
