1. ) Select any 6 of 7 Application descriptions below to assign the best Analytics Type and Statistical Method(s). For any 1 Application description, briefly explain why you selected the Analytics Type and Statistical Method. The 2 sets of CODE VALUES can be used more than once.

Analytics Type Code	Statistical Method Code	APPLICATION Description
		Forecast next 6 months' sales
		Compare means of prior sales of customers by 2 product segments
		Develop our products mix for 5 products to maximize profits
		Evaluate if employee job satisfaction and tenure (years) in job predict the number of employee departures
		Calculate and compare the means of customers 'sales gross margins by the 3 sales channels
		Determine average order value for each customer during prior 6 months
		Determine if sales order delivery period length is related to degree of customer satisfaction

Analytics Type Code	Analytics Type
1	Descriptive Analytics
2	Diagnostic Analytics
3	Predictive Analytics
4	Prescriptive Analytics

Statistical Method Code	Statistical Method
F	Calculate any of mean, median, variance, std. deviation
G	Develop a probability tree
H	Compare means between 2 unpaired samples
J	Compare means between 2 paired samples
K	ANOVA: Compare means among 3 or more samples
M	Calculate correlation between to variables
P	Perform simple regression
Q	Perform multiple regression
R	Calculate statistical significance of predictor variables
S	Calculate LSD comparisons between 2 sample means
T	Perform times series analyses
W	Perform Chi-Squared Analysis
X	EXCEL Solver model

Brief Explanation for one selected Application Scenario: