Prepare a well-researched and well-written response to the question below. Your response MUST be reflective of graduate-level work, MUST properly cite any external, secondary sources used to develop your response and MUST answer the question.
Background
There are basically four types of analytic approaches that aid businesses;
Descriptive
Diagnostic
Predictive
Prescriptive
Each has its own characteristics, capabilities, application, benefits and limitations. Businesses of all types, in all markets, use one or more of these analytic approaches to assist in solving business issues and making strategic decisions.
Assignment Question
Select one (1) of the analytic approaches from the above list.
Research, develop and write a three (3) page, graduate-level paper that provides the reader with a broad but, detailed explanation of the analytic approach you have selected.
Your paper should address the following:
Provide a definition of the analytic approach (be sure to properly cite your sources)
What question(s) does the analytic approach you selected help businesses to answer?
The analytic approach you selected is useful to show things like…? Meaning…provide specific example(s) of the analytic approach “in action” e.g., example(s) of the analytic approach being applied to addressing/solving a business problem.
For example…. BTW… YOU CANNOT USE THIS EXAMPLE
Sabermetrics is the specialized analysis of baseball through objective evidence, especially baseball statistics that measure in-game activity. The term is derived from the acronym SABR, which stands for the Society for American Baseball Research.
Billy Beane and Paul DePodesta of the Oakland A’s took an analytical, statistical, sabermetric approach to assembling their team, picking players based on qualities that defied conventional wisdom and the beliefs of many baseball scouts and executives.
Using this analytic approach, the 2000 Oakland A’s became the first team in AL history to win 20 games in a row.
Prepare a well-researched and well-written response to the question below. Your response MUST be reflective of graduate-
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