Determine the role that a time series might play in helping address it.

Use the same business problem/opportunity and research variable you wrote about in Week 3.

Remember: Do not actually collect any data; think hypothetically.

Write a 700- to 1,050-word summary in which you:

  • Identify the types of descriptive statistics that might be best for summarizing the data, if you were to collect a sample.
  • Apply the types of inferential statistics that might be best for analyzing the data, if you were to collect a sample.
  • Analyze the role probability or trend analysis might play in helping address the business problem.
  • Analyze the role that linear regression for trend analysis might play in helping address the business problem.
  • Analyze the role that a time series might play in helping address the business problem.

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