Analyzing Quality Data

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Imagine that you have been hired as a quality control data analyst. The company you have been hired for has experienced a decline in their sales numbers. The CEO speculates that there may be some areas for improvement in their quality control practices. You have a strong background in data analytics, but you know little about quality control practices. As a data analyst, you need to determine some key data points that will assist you in identifying any problem areas in the quality control process.

In your paper,

Identify data that you believe would be useful in assessing for quality control.
Discuss your strategy for identifying key data points, including the type of data you gather and where you will look to find this data.
Determine the best way to present this data, considering data visualization tools we examined in Week 2.
Summarize how you would go about creating a quality control proposal for this company. What are some of the key points you would consider for quality control?

Sample Solution

Data quality is crucial – it assesses whether information can serve its purpose in a particular context (such as data analysis, for example). So, how do you determine the quality of a given set of information? There are data quality characteristics of which you should be aware. Accuracy-As the name implies, this data quality characteristic means that information is correct. To determine whether data is accurate or not, ask yourself if the information reflects a real-world situation. For example, in the realm of financial services, does a customer really have $1 million in his bank account?

herefore, we could argue that a multinational company is a firm company that has “headquarters” in one country but with bases, manufacturing or assembly plants in others.

Following the above descriptions, someone would wonder, how companies become multinational. Indeed, the development of a firm into a multinational company is a long-lasting, expensive and difficult procedure, which we will discuss later.

At this point, it would be good to mention that a firm is any business such as a corporation or partnership. A firm differs from a multinational company by means of the firm’s market being mainly in the country it sells into and having no FDI (Foreign Direct Investment) in any other apart from the one, which it sells to.

During the last few years, there has been observed, a great expansion/augmentation of MNEs (Multi national enterprises). This phenomenon greatly influences the world’s economy.

There are many reasons why firms become multinational enterprises.

To begin with, by becoming multinational, a company can spread risks. More specifically, if the economy in one country is slow, or demand is decreasing, it is highly possible that economy will be prospering in another country. As a result, if a company sells products into a country where the demand is thriving, not only will the profits of the specific company increase, but the country’s GDP will also increase.

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