Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PR 4.3 (LO 1-4) Data Managerial Accounting Complete the Project Plan and Perform the Analysis As a financial analyst at a hospitality industry company, you
PR 4.3 (LO 1-4) Data Managerial Accounting Complete the Project Plan and Perform the Analysis As a financial analyst at a hospitality industry company, you have been asked to design a data analysis strategy to understand the factors that influence a guests quality rating. Your team administered a survey of guests staying at your properties during the month of June. The database team has linked the survey responses for quality rating of the stay to the guests location, check-in and check-out date, and spending amounts. They indicated that they only included data related to surveys completed September 1 through September 10. Which data measurement scales are included in the data fields labeled Location, QualityRating, and SpendingAmount? Review the data set, identify data risks present in the data set, and suggest controls for these risks. Assume a member of your team suggested that you use the data to predict the quality rating of future stays. To do this predictive analysis, you would have to use the quality rating data in a predictive analysis strategy. How would you respond to your team member about the appropriateness of using this type of analysis? Use this data set to design and perform a different, original data strategy and an analysis strategy to satisfy the objective question. Document your data strategy, analysis strategy, risks, and controls and present your analysis results
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started