Question

You are a business analyst for Intellicorp, which specializes in the housing and assessment of data for smaller manufacturing organizations that cannot afford to have their own in-house data departments. LaShawn Gilbert is a new client manager who is responsible for both the servicing of current clients, but also working leads to sell services to new clients. LaShawn has asked for your help in creating a matrix that can be used to help clients better understanding the service offerings. Below are different types of analytics and various techniques used within those types. Select the analytic type that best matches the technique used for analysis?

Answer 1

Regression Analysis: Predictive modeling is used in regression analysis to forecast future trends or values based on past data.

Step-by-step explanation:

The matrix links specific analytical techniques to their corresponding analytic types, aiding LaShawn in illustrating service offerings clearly to clients. Regression analysis, within predictive modeling, stands out for its ability to forecast future trends or values by analyzing historical data. This technique assists clients in anticipating future patterns, an invaluable tool for smaller manufacturing organizations aiming to make informed decisions.

The clarity provided by this matrix enhances LaShawn's capacity to articulate Intellicorp's diverse services, empowering both existing and potential clients with a clear understanding of the benefits each analytic type brings. Through this streamlined communication, clients grasp the tailored solutions Intellicorp offers, fostering trust and confidence in the company's ability to optimize their data effectively. This matrix serves as a practical tool, aligning analytical techniques with their corresponding applications, simplifying complex concepts for clients unfamiliar with data analysis.

Its utilization in client interactions allows for a more efficient and persuasive presentation of Intellicorp's comprehensive services, elevating LaShawn's ability to secure and maintain client relationships.