Management Analytics: Descriptive and Regression Analysis

MANAGEMENT ANALYTICS

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Descriptive analysis....................................................................................................................3
Regression analysis.....................................................................................................................5
Managerial interpretation and implication..................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Management analytics is being defined as the development of the understanding relating to the different factors influencing the
decision making. Hence, it is very essential for the different businesses to ensure that they undertake all the factors affecting the
business decision. The current study is based on the analysis of question that “can the ranks of the academic programs have an impact
on the starting salary of graduate”. Hence, for proving this question different statistical tools and techniques will be applied
effectively. This will involve the use of descriptive statistics and the regression analysis. In the end the managerial implication and the
interpretation will be provided.
MAIN BODY
Descriptive analysis
The descriptive analysis is being defined as the type of analysis which assist in summarising the data in brief and clear manner
(Wang and et.al., 2021). It is the summary statistics which is being used quantitatively to describe the data and draw inferences
relating to the objective of the study. Hence, for analysing the effects of rank over the starting salary the following summary statistics
that is mean, median and mode are being calculated.
Fulltime
Business
Week
Ranking Enrollment
Avg
GMAT
Resident Tu-
ition, Fees
Pct Interna-
tional
Pct Fe-
male
Pct Asian
American
Pct Mi-
nority
Pct with job
offers
Avg
starting
base
salary
1 1144 713 97165 35 35 16 7 92 107091
2 1801 720 101660 33 38 94 124378
3 1200 711 93918 34 36 25 13 95 108064
4 1651 714 104410 44 36 7.8 9 89 112186
5 898 706 80879 27 34 21 13 89 103608
6 739 726 97842 43 36 94 121171
7 1234 94104 33 32 12 13 87 107450
8 878 696 95000 40 39 19 12 92 100136