Assessment description

Using the simulated business information provided in this task, and in response to a scenario, you will identify patterns or emerging trends, determine the causes and determine their potential effect on the business by using statistical analysis techniques. You will document evaluation processes and adjust management information or decision support systems if necessary to meet information processing objectives.

Procedure

1. Read the scenario information provided under CoffeeVille – your brief in Appendix 1.

2. If necessary, review CoffeeVille’s general business information provided in Appendix 1 of Assessment 1 to maintain your understanding of the business and its environment.  

3. Review and evaluate business performance data and information in Appendix 2.

4. Review and analyse research data and information in Appendix 3.

5. Respond to Question 1 in Appendix 5 by developing SMART objectives for the analysis processes you plan to undertake to identify causes for the business’s declining sales. Make sure they are consistent with the decision required. 

6. Based on the information provided in this assessment and Assessment Task 1, identify and interpret trends and patterns and their causes and effects relevant to the identified business problem. You can use computer software or manual techniques to complete trend and correlation statistical analysis calculations. 

○ You can complete as many trend and correlation calculations as desired to assist in the identification of trends and patterns and their causes or effects.

○ You must complete a minimum of two trend and two correlation calculations for this assessment. 

○ The results of at least two trend and two correlation calculations must be converted to graphs for visual identification and evaluation of trends or patterns and their causes or effects.

7. Document analysis processes undertaken so far by completing Parts 1 and 2 of the Decision Analysis Report in Appendix 4. Note that additional information will be added to this report in Assessment Task 3. Make sure you use writing styles and conventions appropriate for a management report, including level of formality selected, terminology used and depth of complexity in information provided.

8. Answer the remaining assessment questions in Appendix 5.

Specifications

You must submit:

● completed Parts 1 and 2 of the Decision Analysis Report

● copies of the results gained from at least two trend and two correlation statistical analysis techniques used to assist trend and pattern identification – please attach to the Decision Analysis Report

● copies of line or scatter graphs developed from the results of at least two trend and two correlation statistical analysis techniques – please attach to the Decision Analysis Report

● your responses to the questions in Appendix 5.

Your assessor will be looking for your ability to:

● organise, evaluate and critique ideas and information 

● build and maintain understanding of a problem of issue

● develop and write complex texts using appropriate conventions and writing styles

● use numeracy skills to interpret complex statistical and researched information

● gather and analyse data and seek feedback to improve organisational plans and processes

● use digital technologies effectively to manage business operations for strategic and operational purposes

● plan and manage activities that have implications for the whole organisation

● make high impact decisions – analyse input from a range of sources and, where appropriate, drawing on experience.

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