Assignment Global Header Logo
Order Now

+61 480 020 208

Order Now
Recently Updated on December 29, 2023


Ellipse 68Subtraction 3
Business Analytics MITS6002
Subject Name – Business Analytics
Subject Code – MITS6002
University Name – Victorian Institute of Technology, Australia

Business Analytics MITS6002, online exam help by top experts

Business Analytics MITS6002 subject is offered by the Victorian Institute of Technology, Australia to students who are pursuing their master’s degree.
This subject trains you in Business Analytics and Communication skills at all intervals in particular areas- finance, marketing forensics, and strategy. This subject will also help you develop conceptual and methodological knowledge in-depth of analytical methods and techniques for Business Analytics.
Content of subject- Business Analytics MITS6002
Data Analysis and Decision Making
Data Software Tools
Summarising and Presenting Data
Data Visualisation
Relationships among variables
Probability & Probability Distributions
Statistical Process Control
Regression Analysis
Time Series Analysis and Forecasting
Simulation Modelling
Data Mining and Logistic Regression

Important Terms To Understand the Subject

Business Analytics
Business analytics is a combination of disciplines and technology by using data analysis, statistical models, and other quantitative methods to solve business challenges and problems. It entails an iterative, rigorous investigation of an organization’s data to drive decision-making, with a focus on statistical analysis.
Companies that are data-driven consider their data as a corporate asset and actively seek methods to use it to gain a competitive edge. Data quality, trained analysts who understand the technology and the business, and a commitment to leveraging data to uncover insights that influence business choices are all essential components of business analytics success.
Data Analysis
The process of collecting, modeling, and analyzing data in order to derive insights that help in business decision-making is known as data analysis. Depending on the business, there are a variety of methodologies and procedures for conducting analysis. Types of Data Analysis Methods are-
Descriptive Analysis
Explanatory Analysis
Diagnostic Analysis
Predictive Analysis
Prescriptive Analysis
Data Visualization
Data Visualisation is the processing of representing your data in visual form with the help of graphs, maps, charts, etc. to make data easier to understand. The best data visualization tools are- Microsoft Excel, Tableau, Microsoft Power BI, Zoho Analytics, Plotly, and many more.
Regression Analysis
Regression Analysis is a set of statistical procedures for estimating relationships between a dependent variable and one or more independent variables. It can be used to determine the strength of a relationship between variables and to predict how they will interact in the future.
Get 20% OffYour Good Grades Are Just A Click Away!
Get 20% Off
Your Good Grades Are
Just A Click Away!

Why should students get Online Exam Help?

There are various reasons why students studying in Australia need online exam help for Business Analytics (MITS6002) subject.
Students require online exam help because of time stringency. Most of the students are busy with their part-time jobs while studying, and are unable to prepare for the exam. But, we can attempt your online exam on your behalf.
Students are unaware of the writing format. Availing our exam help services will help you get well-written and structured solutions for the exam questions.

Why hire our writers for the Business Analytics exam help?

It is observed that students seek a reputable online service provider to help them write a good paper within the specified time frame as they don’t have enough time to study and prepare for exams on their own. No need to worry as we are there to help you.
We at Assignment Global guarantee that our team of highly qualified and experienced academic writers will consistently deliver top-notch quality solutions on time or ahead of schedule, ensuring that you receive high scores with ease. You will be delighted to use our online exam help services because we only provide the best.
All of our writers are extremely talented, and they can cover the majority of the issues that arise throughout the preceding course at any academic level and with any level of difficulty.
We are available 24/7 to help you with your urgent exam help. No matter whether it is an online test, exam, or online quiz we can assist you in any of them. Just share your exam details and enjoy apex grades
Have a look at the Business Analytics (MITS6002) Sample Paper–
Question1- You are the project manager of a project that needs to use a computer server as part of the development and ongoing support of the product you are building. Management has already provided you with access to an existing server although it is an older model. You are trying to determine if a new server can be justified.
Using the existing server will save you money as it already exists and is operational. If this goes well, your project moves forward and leads to a revenue stream of $1,000,000. You have also analyzed that by using the server with its inherent performance problems has a chance of delaying your schedule by 25%. This would impact the revenue down to $750,000. If you purchased a new server, the outlay would be $70,000 and performance would be optimal. You estimate that your project’s schedule would not be impacted, and this would lead to an 85% chance of $1,000,000 of revenue.
Yet, there is a small chance that even with this server, revenue could only reach $800,000.
a. Determine the expected monetary value (EMV) for both purchasing the server and using the existing one.
b. Should you recommend the purchase of the new server to your management?
Question2- On a volunteer basis, a group of twelve children participated in a study. The study was particularly designed to measure the relationship (if any) in-between age (in years) and sleep time (in minutes). The main objective of the study was to obtain the sleep time accurately. The values of those variables are mentioned below:
Find the correlation coefficient between age and sleep time and justify the result.
(10 marks)
Question3- Consider two linear regression models developed by two different persons. The following table demonstrates the predicted values by models and actual values. Based on RMSE error, identify the better model? (5marks)
Question4- In the FIFA world cup, an average of 2.5 goals are scored in each game. Modeling this situation with a Poisson distribution, Calculate the probability that 2 or more goals are scored in a game? Elucidate in detail the probability. (5marks)
For one thousand parking bills in CBD, a text classifier predicts 45 to be fake and 955 to be authentic.
Out of 45 fake predictions, 30 are actually fake. Also, out of 955 authentic predictions, 950 are actually authentic.
a. Determine the recall and accuracy of the classifier.
b. Discuss the classifier’s performance in terms of recall and accuracy values. (5marks)
Share article
Was this helpful?


Thank your For Apprication

Get Help Instantly
Service Page Form
Free Features
for $31.49 Free
for $17.05 Free
for $6.55 Free
Title Page
for $6.55 Free
for $10.49 Free
Plagiarism Report
for $20.99 Free
Get All These Features
for $93.12 Free
Proceed to Order
Related Services
Assignment Help
Course work
Homework Help
Essay Writing
Article Writing
Research Paper
Programming Help
View More
Subscribe To Avail Our Special Offers
Drop in your mail to receive all the notifications for updates,
offers and exclusive assignment writing guides.
Drop in your mail to receive all the notifications for updates, offers and exclusive assignment writing guides.
Leave this field blank
Subscribe To Avail Our Special Offers
Drop in your mail to receive all the notifications for updates, offers and exclusive assignment writing guides.
Leave this field blank

We accept

Copyright © 2023 Assignment global. All rights reserved.

We accept

Copyright © 2022 Assignment global. All rights reserved.
Assignment Global Footer Logo

We accept

Copyright © 2023 Assignment global. All rights reserved.