100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Unit 5 Data Modelling Assignment 1 (Learning Aim A) Distinction $22.06   Add to cart

Essay

Unit 5 Data Modelling Assignment 1 (Learning Aim A) Distinction

2 reviews
 718 views  6 purchases
  • Course
  • Institution

UNIT5 DATA MODELLING, COVERS ALL CRITERIA. DISTINCTION LEVEL ASSIGNMENT Learning aim A: Investigate data modelling and how it can be used in the decision-making process A.P1 Explain the stages involved in the decision-making process for data modelling. A.P2 Explain how the features of spr...

[Show more]

Preview 4 out of 36  pages

  • June 9, 2023
  • 36
  • 2021/2022
  • Essay
  • Unknown
  • A+

2  reviews

review-writer-avatar

By: ibrahimyonis999 • 5 months ago

review-writer-avatar

By: sylviyatodorova • 6 months ago

avatar-seller
Unit 5: Data Modelling Assignment 1 –
Investigating data modelling and how it
can be used in the decision-making
process
By Victor Anosike

, I am creating a presentation that will expla
how spreadsheet models can be used
predict the outcome of different situatio
and, therefore support the decisions th
the managers need to make as they run th
company.
Introduction Before creating a data model using a
spreadsheet or another app to simulate a
real-life situation, Data Modelling walks yo
through the stages of decision-making. It
allows all possibilities to be considered
when predicting outcomes.

,Stages in the Decision-Making Process

, The first stage is to Understand the scenari
which is the situation in which a data mode
is needed. The scenario is required for a
successful data model, failure to fully
understand it will result in problems and
reduce the usefulness of your spreadsheet.
The scenario lets you understand what you
Understanding spreadsheet needs to be able to do. You wi
need to know who wants the spreadsheet

the Scenario and why. Manufacturers of ice cream, for
example, would need to know what to
produce and when to produce it at the righ
time (around the starting time the demand
for ice cream peaks, usually around summe
This allows the manufacturers to get a sens
of the situation and determine how they w
respond.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Draymon. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $22.06. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75391 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$22.06  6x  sold
  • (2)
  Add to cart