This book is partly based on lectures the authors give at Sheffield Business School, Sheffield Hallam University between 2010- 2015. It is an exploratory guide to business analysis. It aims to develop foundation knowledge on the techniques behind data analysis and decision making based on information derived from data analysis. It delves into the use of appropriate software tools to analyse data and provides rich examples from real world organisational data sets. The examples are self-contained and easy to interpret, thus giving the learner options to learn freely at a pace they are comfortable.
Description
Content
Reviews
- Author’s Preface
- Introduction to fundamental concepts for Business Analysis
- What is the point of this book?
- Getting to grips with the basics
- Working through the basics
- Revision section – exercises
- Summary
- Chapter references
- Review Questions
- Decision Making, Data and Information
- Decision making
- Data and Information
- Sources of Data
- Collecting Data
- Sampling
- Information Requirements for Effective Decision Making
- New and Emerging Technologies
- Quality of Information
- Summary
- Chapter references
- Review Questions
- Exploring Data; Deriving Information
- Introduction
- Storing and Structuring Data
- The Organisation of Data
- Tabulation
- Ordering Data
- Frequency Distribution
- Grouped Frequency Distribution
- Cumulative Frequency Distribution
- Percentiles
- Presenting Information Pictorially
- Summary
- Chapter references
- Review Questions
- Summarising Data
- Introduction
- Some fundamental concepts for summarising data
- Measures of the Typical Value or Average (Measures of Location)
- Summary
- Chapter references
- Review questions
- Measuring and Evaluating Variation in Data Values
- Introduction
- Percentage change
- Weighted Index Numbers
- Deflating a time series - using a value index as a deflator
- Summary
- Chapter references
- Review Questions
- Association Between Variables
- Introduction
- Correlation Analysis
- Scatter plot
- Strength of the Linear Association - the Correlation Coefficient, r
- Regression Analysis
- The Coefficient of Determination, r2
- Estimation using the Linear Regression Model
- Summary
- Chapter references
- Review Questions
- Time Series and Forecasting
- Introduction
- Time Series Components
- Evaluation and comparison of models
- Summary
- Chapter references
- Review questions
- Financial Modelling
- Introduction
- Costs, Revenue, Profit and Contribution
- Using a graph to illustrate financial models
- Non-linear relationships
- Other useful types of business relationships
- Summary- the important points from this section
- Chapter references
- Review Questions
- Financial Analysis Money – Interest and Time Value
- Introduction
- Interest
- Applications of interest rate calculations
- Present Value
- Summary
- Review questions
- Brief concluding remarks and considerations
- Review Question Answers
- Endnotes
This book is not just fantastic, but it has the capacity to improve one's knowledge about analyzing a business.