CTU Business Drivers and Analysis of Effectiveness Paper

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yoragvrm

Business Finance

Colorado Technical University

Description

Next, download the file Sample Data. Prepare a chart similar to the one in the downloaded file to indicate whether the correlation between Variables A and B were found to be positive, negative, or minimal. Provide explanation and justification for your decisions.

In your own words, explain what it means if the correlation of 2 variables is positive, negative, or minimal (close to 0), and give an example of each.

What do you deduce from the correlations? Explain if you believe these to be short or long-term objectives and outcomes. 

What are the implications for Big D Incorporated regarding their client in the outdoor sporting goods?

What are the implications for the penetration into the indoor sporting goods market?

  • Also, how can you use the correlation tools to identify the variables in the research toward the expansion into the indoor sporting goods market?

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Variable A Variable B Number of indoor basketball leagues in demographic area Three college basketball teams and one NBA team in region to spark interest. High demographic of younger target market. Lack of any indoor sporting facilities. High number of indoor sporting facilities. Extremely warm geographic area. Rural geographic setting. High-income geographic area. Correlation: positive, negative, minimal?
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Attached.

Running Head: USING BUSINESS DRIVERS AND ANALYSIS OF CORRELATION

Using Business Drivers and Analysis of Correlation
Name
Instructor
Institutional Affiliation
Date

1

2

USING BUSINESS DRIVERS AND ANALYSIS OF CORRELATION
Correlation:
Variable A

Variable B

Number of indoor basketball
leagues in a demographic area

Three college basketball teams
and one NBA team in the
region to spark interest.

Positive

High demographic of the
younger target market.

Lack of any indoor sporting
facilities.

Negative

High number of indoor
sporting facilities.

Extremely warm geographic
area.

Minimal

Rural geographic setting.

High-income geographic area.

Positive

Positive, negative, minimal?

The first coefficient is positive because the two variables are moving in tandem (similar
direction). It is important to note that a positive correlation exists when one variable decreases in
the same way to the other variable or if one variable increases in a similar way the other variable
increases (Akoglu, 2018). From the variables, it ...


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