Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me to find an idea for the following project Project 2 Select an industry and companies within that industry that you would like

Please help me to find an idea for the following project

Project 2

Select an industry and companies within that industry that you would like to

analyze. Using the IMPACT cycle framework, address the following:

(1) Identify your question (for example, if you choose the technology industry,

you may be interested in asking the following question: Do the fastest

growing companies in the technology industry have higher research and

development expense, higher price-to-earnings ratios, lower debt-to-equity,

etc.)

(2) Master the data - find the source of data to answer your question (you may

want to consider calling the Yahoo Finance API for market/stock prices; the

SEC financial data set using XBRL data; XBRL US's API to call XBRL data; or

Compustat data)

(3) Perform the Test Plan - discuss which model is the most appropriate

(regression, classification, clustering, filtering etc)

(4) Address and refine results - provide descriptive statistics of the data you

collected; discuss any outliers or missing data you observe; run your model

using Stata/R/Python/Excel.

(5) Communicate insights - Provide a summary discussion of your results (for

example, if it is a regression, interpret the significance of each variable in the

regression). Consider using data visualization to communicate some key

findings (for example, to showcase outliers, or clustering of the data)

(6) Track outcomes - for example, discuss how frequently this analysis should be

performed and how trends may have structural shifts over time.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Core Concepts

Authors: Raymond M Brooks

3rd edition

133866696, 978-0133866698

More Books

Students also viewed these Finance questions