Business Selecting appropriate interfential techniques

Business Selecting appropriate interfential techniques

Scenario and Your Role

You are an analyst at a new moving company. Executive leadership is trying to determine in which state to headquarter the new business. Obviously, they are interested in setting up the headquarters in a state that has the potential for significant business. In other words, they want a location where there are a lot of people moving in and out of the state.

Your manager has asked you to begin the research process by comparing your current state of residence to another state (of your choice) and then make a recommendation based on your findings.

Requirements

Download the Population estimates for the U.S., States, and counties data set from the Economic Research Service, linked below:

U.S. Department of Agriculture, Economic Research Service. (2017). Download data: County-level data sets. Retrieved from https://www.ers.usda.gov/data-products/county-level-data-sets/county-level-data-sets-download-data/

Analyze the county-level population changes in your current state and another state of your choice. Once you have analyzed this data, prepare a business analysis for your manager.

In your analysis, include the following:

Analyze the business issue you are addressing.

Explain the business situation as you understand it.

Identify relevant data (observations and variables) that you will use to address the situation.

Justify your selection of an inferential method to address the business issue.

Explain the inference you wish to make. (Hint: You can estimate, test, or predict. If your selected inference is a prediction, identify what you are trying to predict and what you are basing your prediction on. If your selected inference is an estimate, identify what you are trying to estimate. If your selected inference is a test, identify the claim you are attempting to test.)

Identify the inferential statistical technique that would be the best tool to use for your selected prediction, estimate, or test.

Explain why you believe this would be the best tool for the situation. (Please note that you are not required to compute anything, simply to identify the best tool and explain why.)

Provide examples from your experience and/or from your research to support your selection of inferential statistical technique.

Deliverable Format

This business analysis is a professional document and should therefore follow the corresponding MBA Academic and Professional Document Guidelines (available in the MBA Program Resources), using double-spaced paragraphs. Remember, you are writing for an executive leadership audience.

In addition, include the following:

3–4 pages in length.

Title page.

References page.

References from at least 2 sources.

APA-formatted references.