Forecast Sales During Different Holidays Essay
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Forecast Sales During Different Holidays Essay
Continue to brainstorm the three projects identified in week 2. Review your classmates’ responses and modify objectives/descriptions of your projects as necessary.
Participate actively in the discussion adding value to the discussion.
Week two project
- Identify three projects in order of priority. Justify the order.
- Brief description of each project.
- Expected duration of projects.
- Availability of resources in terms of data, software tools etc.,
classmates’ responses
The objective of this discussion is a bit confusing as it seems there may be some missing information. However, I will provide my best attempt at giving the correct answer. My take on the instructions is to provide three ideas that I may want to use for the final project. I will use the questions provided and answer them below:
1 & 2. Identify three projects in order of priority. Justify the order. Brief description of each project.
The first project could be to forecast sales during different holidays and decide which departments may need to increase their stock in order to meet the demand. Another project could be to determine factors that contribute to employee retention and the correlation between when and why they choose to leave a company. Lastly, another project idea could be to explore the stock market and predict what it will do in the next 6 months, year, and so forth.
I chose these topics in this order specifically because of my own interest in knowing the information. The first two are tied as far as priority goes. My goal in the future is to be my own business owner, therefore forecasting sales will be beneficial when that time comes. This project would review datasets from a store’s previous years in sales to first identify trends, then use that information to forecast. Retention is also intriguing to me as I am currently in the military, but am always considering the possibility of getting out. I find it interesting what makes people decide to stay at a job, what makes them want to leave, and if there are reasons that are seen more frequently than others. The reason the stock market is the last choice, is I am interested in this solely because I pursue it as a hobby. It is an interest of mine, but as of right now, it is not my main source of income and I would just like a way to understand the trends of this market.
- Expected duration of projects.
All three projects will likely take the remaining 14 weeks of the course to gather the data, apply the analytics, and write a paper with the detailed findings. I will need to also review all previous coursework to find the best methods and approaches that I have learned throughout my degree.
- Availability of resources in terms of data, software tools etc.,
A couple of the resources in terms of data can be found on open sources such as government databases (Marr, 2016), Kaggle, and through various company records such as Amazon and Walmart. As far as software, Excel and RStudio have numerous capabilities that could help guide these projects. They are also easily accessible and are either free downloads or are granted through the school resources.
Resources
Marr, B. (2016, February 12). Big Data: 33 Brilliant and Free Data Sources Anyone Can Use. Forbes. https://www.forbes.com/sites/bernardmarr/2016/02/12/big-data-35-brilliant-and-free-data-sources-for-2016/?sh=1fbd34adb54d
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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