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Analyzing and understanding data is an important part of decision making

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January 8th, 2018

Analyzing and understanding data is an important part of decision making. Econometricsis defined as the statistical methods used to analyze data and make informed decisions. For this assignment, you are required to research data related to an economic issue or situation relevant to your organization or a business organization in general. Use the Bureau of Economic Analysis website to choose data for this assignment. As you are analyzing the data, apply econometrics methods (linear regression, statistical mathematics, nonlinear regression, or another relevant model) to validate data and determine strategies and solutions for the economic data retrieved. – The business I would like to focus on is Walmart.

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