How can a simple tool such as Excel be used to conduct an analysis of different products/services?
Excel can be used to compute the costs of a product under different scenarios. We can change the values of the inputs to arrive at different conclusions.
Also the selling price of the product can be changed in excel very easily. This will allow us to perform scenario analysis whch shows the values under different scenarios such as high demand or low demand.
We can also perform sensitiivty analysis in excel which shows how sensitive the profits are to changes in certain factors. For instance if the shipping cost changes per unit, what will be the impact on the profits contributed by a specific product.
How can a simple tool such as Excel be used to conduct an analysis of different...
question asking for moving average .. i used the data analysis tool in excel it gives me the right answer but with wrong in sequence The normal Fourmal says = Sum of 3 months / 3 = F for the 4th month But in data analysis tool it comes in forecast of the 3rd month please let me know why it does not come in the right sequence and how to solve this issue 1 A-F^2 25.61 by using Normal...
Explain how the What-If Analysis tools available in Excel tools are used to assist with solid decision making. Give examples of how each of the What-If Analysis tools can be used practically.
Use the appropriate excel data analysis tool from the tool pack as the basis to determine the standard error of the mean differences for the following before and after data. Input your answer to three decimal places Data set 1: 34, 26, 54, 12, 43,67, & 9 Data set 2: 32, 18, 60, 18, 35, 70, & 15
Do four regression analyses using the Anscombe Quartet (1973) Data Analysis Tool in Excel Any Statistical package Summarize the results and compare those using the original data. How would you run regression analysis differently? Remove some data, if necessary Linear or curvilinear (quadratic or cube)? Re-run regression analysis Summarize the results Do four regression analyses using the Anscombe Quartet (1973) Data Analysis Tool in Excel Any Statistical package Summarize the results and compare those using the original data. How would...
HW # 5 Linear Regression: Use Data Analysis in Excel to conduct the Regression Analysis to reproduce the excel out put below (Note: First enter the data in the next page in an Excel spreadsheet) Home Sale Price: The table below provides the Excel output of a regression analysis of the relationship between Home sale price(Y) measured in thousand dollars and Square feet area (x): SUMMARY OUTPUT Dependent: Home Price ($1000) Regression Statistics Multiple R 0.691 R Square 0.478 Adjusted...
Do four regression analyses using the Anscombe Quartet (1973) Data Analysis Tool in Excel Any Statistical package Summarize the results and compare those using the original data. How would you run regression analysis differently? Remove some data, if necessary Linear or curvilinear (quadratic or cube)? Re-run regression analysis Summarize the results
SWOT analysis is a tool that is designed to use by strategic decision makers at the company level. Do you think we can use it at a personal level? In other words, do you think we can conduct a personal SWOT analysis? Why or why not?
How is the motion of a physical pendulum different than that of a simple pendulum? Can the characteristics of simple harmonic motion be used to characterize the motion of physical pendulum – amplitude, period, and angular frequency? Consider the chaotic physical pendulum. Be able to describe the relationship between the phase plot and the time series graph for a chaotic oscillator. Can you look at a segment of a time series graph and describe what an oscillator is doing in...
Discuss what a break-even analysis is. What are the advantages and disadvantages of this tool? How is it used by managers? How do you see it being used at your organization?
How can the 4V diagram be used as an operations strategy visualisation tool. Give an example? [10%]