Introduction to Business Analytics 1st Edition By Vernon Richardson – Solution Manual

Unlock the power of business analytics with the comprehensive Introduction to Business Analytics 1st Edition by Vernon Richardson. This solution manual equips students with the necessary skills to ask the right questions, leverage common office tools such as Excel®, Tableau®, and Power BI®, and interpret data accurately to make informed business decisions. Richardson introduces the SOAR analytics model, a four-step framework – Specify the question, Acquire the data, Analyze the data, and Report the results – which is integrated throughout the text, guiding students through various types of data analysis. The chapter-end lab activities reinforce this model, while the final chapter offers three capstone projects that apply the complete SOAR model.

Table of Contents

Chapter 1: Specify the Question: Using Business Analytics to Address Business Questions

Chapter 2: Acquire the Data: An Introduction to Business Data Sources

Chapter 3: Analyze the Data: Basic Statistics and Tools Required in Business Analytics

Chapter 4: Analyze the Data: Exploratory Business Analytics (Descriptive Analytics and Diagnostic Analytics)

Chapter 5: Analyze the Data: Confirmatory Business Analytics (Predictive Analytics and Prescriptive Analytics)

Chapter 6: Report the Results: Utilizing Data Visualization

Chapter 7: Marketing Analytics

Chapter 8: Accounting Analytics

Chapter 9: Financial Analytics

Chapter 10: Operations Analytics

Chapter 11: Advanced Business Analytics

Chapter 12: Using the SOAR Analytics Model to Put It All Together: Three Capstone Projects

Appendix A: Excel Tutorial (Formatting, Sorting, Filtering, and Using Pivot Tables)

Appendix B: Tableau Tutorial

Appendix C: Power BI Desktop Tutorial

Appendix D: Basic Statistics Tutorial

Appendix E: Installing Excel’s Analysis ToolPak Add-In

Appendix F: Installing Excel’s Solver Add-In

FAQs

Q: What is included in the Introduction to Business Analytics 1st Edition by Vernon Richardson solution manual?
A: The solution manual includes step-by-step solutions to the exercises and problems presented in the textbook.

Q: How can students benefit from using the SOAR analytics model in their business analytics studies?
A: The SOAR model provides a structured approach to data analysis, guiding students through the process of formulating questions, collecting and analyzing data, and reporting findings effectively.

Q: Are there practical exercises available to reinforce the concepts learned in this solution manual?
A: Yes, the lab activities at the end of each chapter and the capstone projects offer hands-on opportunities for students to apply their knowledge and skills.

Conclusion

Empower yourself with the knowledge and skills needed to excel in the field of business analytics with the Introduction to Business Analytics 1st Edition solution manual. By following the SOAR analytics model and engaging in practical exercises, students can develop a solid foundation in data analysis and decision-making, setting them up for success in the dynamic business world. Enhance your understanding of key concepts and sharpen your analytical abilities with this comprehensive resource.