Discuss decision making and determining the type of data to use and how to analyze it. In Chapter 2 of the text, there is discussion relating to descriptive statistics. The foundation of Data Analytics is to understand the foundation of data and how it can be utilized. Using information from the text and The U.S. Bureau of Economic Analysis (Links to an external site.), locate the current Gross Domestic Product Report.
In your own words, describe the key points of the report and how the industry within the report are useful. Choose one element from the list below.
Compare and contrast the GDP category from the previous two quarters. Analyze the main source the information was taken from.
Give a real life example that demonstrates how data management is employed in one of the listed industries.
Retail Sales
Health Care
Food Services
Educational Services
Manufacturing
Initial Post
The posting should consist of no less than 300 words and should incorporate at least one outside, i.e., from a library database search, APA formatted reference at the end of the post.
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