Analytical Tool - 1564 Words

Analytical tool An analytical tool is something used to analyze or take a closer look at something. It is normally a way to review the effectiveness of something. For example, Google offers a free web analytics tool that is used by Web Masters to track visitors on a given site. It allows Web Masters to see where visitors are coming from, how long they stay, what links they are reviewing, etc. Analytic Tool help with Tracking and Reports! Data flow diagram -A data flow diagram (DFD) is a graphical representation of the flow of data through an information system, modeling its process aspects. Often they are a preliminary step used to create an overview of the system which can later be elaborated.[2]DFDs can also be used for the†¦show more content†¦There are a wide variety of ways to illustrate frequency distributions, including histograms, relative frequency histograms, density histograms, and cumulative frequency distributions. Histograms show the frequency of elements that occur within a certain range of values, while cumulative distributions show the frequency of elements that occur below a certain value. Histograms Frequency Histogram 1. A graphical representation of a single dataset, tallied into classes. 2. Frequency defined as the number of values that fall into each class. 3. Histogram consists of a series of rectangles whose widths are defined by the limits of the classes, and whose heights are determined by the frequency in each interval. 4. Histogram depicts many attributes of the data, including location, spread, and symmetry. a. No rigid set of rules that determine the number of classes or class interval. b. Between 5 and 20 classes suitable for most datasets. c. Equal sized class widths are found by dividing the range by the number of classes. d. Formal guide by which class intervals can be derived is the formula: K = 1 + 3.3 * log n where K is the number of classes and n is the number of variables. 5. Relative frequency defined as the fraction of times the value occurs, or the freuqency of value(s) à · number of observations in the set. 6. Relative frequencies usually of more intere st thanShow MoreRelatedIntegrative And Analytical Tools For The Business1174 Words   |  5 PagesIntegrative and Analytical Tools To be successful in any modern business there are a few things that must take place. The company has to get oriented; it needs to identify the primary objectives of the business, as well as define the scope, and finally perform both internal and external analysis of the operations. Each of these things has their place and since our company is one of the best out there, the first three have already been established. What we are here today to do is to perform theRead MoreSwot And Analytical Tools : Business Analysis Tools1040 Words   |  5 Pages INTERGRATED AND ANALYTICAL TOOLS Pranit Pravinesh Singh Student ID # 204336036 November 29, 2015 Colorado Technical University â€Æ' INTERGRATED AND ANALYTICAL TOOLS Business analysis tools are different techniques investors use to assess a company’s operations. In most cases, the purpose of the analysis is to determine how effective or efficient a company is in the overall market locally, nationally and globally. A scan of the internal and external environment is an important part ofRead MoreGoogle Analytics : An Analytical Tool800 Words   |  4 Pages Google Analytics is a product or an analytical tool which helps marketers design strategy as per the response of the customers. As use to happen some years earlier, a marketer would design a strategy, implement it at the market place and then conduct surveys or customer feedbacks after a significant period has passed to know the effect of his strategy or whether he needs to bring changes. By the time the marketer implements a new strategy the market dynamics and needs of the customers have alreadyRead MoreRanks Analytical Tool for Advertising623 Words   |  3 Pages1.) Rank’s ea sy-to-use, analytical tool is called the intensify/downplay model, and its goal is to help you to become more critical and analytical receivers. It defines and gives examples of four major persuasive strategies and six associated tactics that are often used by persuaders today. (Larson, 2007 page 31) Ranks major strategy is to either intensify certain aspects of the product, cause or candidate. His other strategy is to downplay certain aspects of their brand, cause or candidate. (LarsonRead MoreDesign, Instrumentation And Analytical Tools Essay1655 Words   |  7 Pagesthe methods, design, instrumentation and analytical tools. The content of the chapter aims at the identification of appropriate and suitable methods and the adoption of such within the confines of a systematic design which clearly stipulates population and sampling procedures; data collection instruments with regards to variable measurement and operational definitions, instrument reliability and validity as well as d escriptive and inferential statistical tools (Sekaran, 2003; Sarantakos, 2005). 3.2Read MoreApplication of an Analytical Tool Box Design2236 Words   |  9 Pagesaim is to provide company A with an analytical tool box design for achieving this match between research and product development. The final goal of the tools will be to encourage an imaginative climate in Company A which will increase the company’s profit margins in the long run. The report will adjust the normal technical pattern of problem identification through scanning, strategy/implementation and learning. At each stage of the report, the important set of tools will be analyze in order to adjustRead MorePicking The Perfect Analytical Tool For Our Business771 Words   |  4 PagesPicking the perfect analytical tool for our business can be a difficult task, tedious and expensive business. We can even go for free administrations, for example, Google Analytics. The issue is regularly that regarding the matter of value or administrations, there isn t much in the method for a centre ground betw een the free administrations and the administrations that can cost you a large number of dollars. Many companies are complaining that there is huge amount of data and we don’t have enoughRead MoreAnalytical Procedures – a Powerful Tool for Auditors by David Chow1552 Words   |  7 PagesZone Analytical Procedures – A Powerful Tool for Auditors (Relevant to Paper 8 – Principles of Auditing and Management Information Systems) David Chow FCCA, FCPA, CPA (Practising) Audit tests Auditors normally carry out the following types of audit tests to determine whether financial statements are fairly stated: (i) procedures to obtain an understanding of internal control (ii) tests of controls (iii) substantive tests: †¢ substantive tests of transactions; †¢ analytical procedures;Read MoreAn Analytical Study Of Popular Biometric Tools And Impacting Factors Essay1285 Words   |  6 PagesAn Analytical Study of Popular Biometric Tools and Impacting Factors. Biometric tools have adapted and been refined with related research. This paper’s aim is to try to discover any key Biometric tools during a specific time. Content analysis was utilized on scholarly research from the field of Biometrics, trying to discover any patterns within scholarly publications. Specifically, are there any trends in different types of Biometric tools? Another key research question is are there any impactingRead MoreThe Potter Box : An Analytical Tool That Evaluates Ethics Of Decision Making And Dilemmas1068 Words   |  5 PagesNavigating the Potter Box Created by Harvard University professor and theologian Ralph B. Potter, we will discuss in this paper how and why to apply the Potter Box, which is an analytical tool that assesses ethics of decision making and dilemmas. By using the Potter Box, we are guided towards a decision after considering a number of elements and steps very carefully. To be more specific, we will be understanding the four interrelated steps for making an ethical decision. As you complete each quadrant