Learning Goal: I’m working on a business plans discussion question and need an e
Learning Goal: I'm working on a business plans discussion question and need an explanation and answer to help me learn. POST 1- Having identified the types of data you will need, it's time to gather, review, and organize your data. This is a critical step in preparing to demonstrate to your Board of Directors that there is a legitimate demand for a solution to the problem you want to solve or the opportunity you want to explore. In your post, answer the following questions: What sources did you use to gather your data, and why did you use these? What impact will any gaps in your data have on the validity of your analysis? How will you address this? How should you organize your data so that important patterns, trends and anomalies are clearly visible? Which analytical method (Descriptive, Predictive, or Prescriptive - see Davenport & Kim pp. 3-5) did you use to assess your data? Why did you choose this method over others? POST 2--- Having framed the problem/opportunity, formulated a testable hypothesis and gathered and organized key data, you are ready to continue your analysis by developing a data story that can be shared with others. To get started, download and review the "Types of Data Analysis" guide from Your readings, above. Apply one or more of the following analytical tools to your dataset: Correlation Regression Grouping and Visualization Variance Standard Deviation Explain whether your analysis of the data confirmed or refuted your testable hypothesis.

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