BUS 625 Ashford University Wk 1 Reading on The Superforecasting Discussion
Week 1 Reflective Journal
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[WLOs: 2, 3] [CLOs: 1, 3, 4]
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Prior to beginning work on this assignment, read Chapters 1 and 2 in Superforecasting.
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The intent of the journal is to apply what you have learned to how data analytics is applied in industry. After reading the assigned chapters of Superforecasting this week, write a reflective journal of the three most important take-aways contained in the chapters. Your journal should be between two to three pages excluding cover and reference page.
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Week 1 – Assignment
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Turning Variables Into Knowledge
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[WLOs: 1, 2, 3] [CLOs: 2, 3, 5]
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Prior to beginning work on this assignment, read Chapters 1 and 2 of your textbook.
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Imagine that you are hired as a data analyst for a bank. The bank would like to learn more about its customers’ spending and banking habits to identify areas of improvement. You have been asked to review the bank’s income statements over the last 5 years and identify trends that will allow them to better understand their customers.
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Download your chosen bank’s annual income statements from the last 5 years from the Mergent database in the University of Arizona Global Campus Library. Review the Mergent Online: Accessing Mergent Online (Links to an external site.) resource for tips on accessing and searching the Mergent database. Use the “Company Financials” tab in Mergent to access the income statements.
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Identify three variables or categories that the bank may be interested in further researching, such as sales or revenue. Using these three variables or categories, build a frequency table, a bar chart, and a pie chart using Excel. Review the Microsoft Excel Help: BUS625 Excel Guide webpage for resources to help utilize Microsoft Excel. You will be using the same three variables in each table and chart, so the same data will be displayed in three different formats.
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After creating the three tables, which of the tables and charts do you find most useful for communicating information about the bank’s customers? Write a brief case report summarizing your analysis and results.
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In your paper,
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- Identify three variables in the income statements that the bank may be interested further researching to learn more about its customers.
- Develop a frequency table, a bar chart, and a pie chart using variables in the income statements for your bank.
- Analyze the table and charts to find the most useful information for communicating information about the bank’s customers.
- Summarize your analysis and results, including how the charts were useful in your research.
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The Turning Variables Into Knowledge paper
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- Must be two to three double-spaced pages in length (not including title and references pages, charts or tables), and formatted according to APA Style (Links to an external site.) as outlined in the Writing Center’s APA Formatting for Microsoft Word (Links to an external site.) resource.
- Must include a separate title page with the following:
- Title of paper in bold font
- Space should appear between the title and the rest of the information on the title page.
- Student’s name
- Name of institution (University of Arizona Global Campus)
- Course name and number
- Instructor’s name
- Due date
- Title of paper in bold font
- Must utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance.
- Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
- For assistance on writing Introductions & Conclusions (Links to an external site.) as well as Writing a Thesis Statement (Links to an external site.), refer to the Writing Center resources.
- Must cite the information found in the Mergent database.
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- Must document any information used from sources in APA Style as outlined in the Writing Center’s APA: Citing Within Your Paper (Links to an external site.) guide.
- (Links to an external site.)Must include a separate references page that is formatted according to APA Style as outlined in the Writing Center. See the APA: Formatting Your References List (Links to an external site.) resource in the Writing Center for specifications.
