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Unit 6 Business Analytics Assignment Pearson BTEC Level 5 HND Diploma Business Regent College Higher Education

Introduction

To understand the consumer behavior and reactions towards a new change there is a need to make an adequate analysis of various factors that affect such decisions. In the present report, there will be a demonstration of all the disparate sources of data collection on the basis of Quantities, revenue, sold, and costs as per various products, locations, and industries.

1. Ascertaining the methods to be used in disparate sources of information

There has been the use of several statistical methods for analyzing the sources and gathering the adequate data from required data set such as:

VLOOKUP: This is the useful technique in terms of identifying value in the table which in turn provides a corresponding value. It will be helpful in analyzing data set as per location consumers and products etc.

CONCATENATE: This helps in combining two or more cells into one cell. Therefore, it will be helpful in managing the data set and linking it to each other (Shmueli and et.al., 2017).

Pivot table: This is the table which combines all the relevant data on which the user wants to have appropriate information such as a particular product in the various location at various price etc. which will be all together combined and were analyzed here.

2. Demonstrating the specific methods and techniques to be used in measuring and managing information in data warehouse

In relation to making adequate data warehousing, there are various sources that will be helpful in making the most appropriate data set which will be dimensional and measurable. Moreover, there are various steps which are as follows:

  • Ascertaining business objectives
  • Information needs to be collected and analyzed
  • Analyzing the core business procedure
  • Developing a conceptual data model
  • Locating the data set and deciding transformation
  • Tracking the appropriate duration (Seddon and et.al., 2017).

3. Providing the specific information regarding the data set

year

Product Family

1

PF7

2

PF3

3

PF1

4

PF13

5

PF10

6

PF2

7

PF11

8

PF1

9

PF1

10

PF3

Drill Down: This is the most helpful technique which in turn helps in managing the big data set into a particular drop-down function. Therefore, it will be used in pivot tables to ascertain the requirement of particular products in the proposed years of observations.

Slice: slicer is the functions that were added to the pivot table in relation to filtering the data set in accordance with selecting a particular product (Use slicers to filter data, 2018). Therefore, as per the below-listed diagram, it can be seen such as:

Pivot: This is the table that contains all the information relevant to the selected data of observation. Moreover, it will be a helpful tool in terms of decision making as well as analyzing the fruitfulness of the project.

Conclusion

By considering the above analysis it can be said that the use of various techniques which will be helpful and beneficial for the organization as to have adequate analysis through various resources and data set. There are various statistical tools which help in managing and measuring the data warehouse.

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