Business Analytics – Effect of Covid-19 on the Travel Industry

14Sep 2021 by

Group project (open minded):

SUBMISSION: 2000-3000 words including everything.

PICK
ANY INDUSTRY (THINK LIKE BUSINESS ANALYTICS) (APA 7TH ED.)

Example
of the topic: Effect of Covid-19 on any industry (may be retail industry, aviation,
online etc.).

Topic can be any (group choice)

Steps
you may follow (It is not must adhere to all the steps; this is for your
reference only. You can apply your individual steps as well):

 

 

1)    
Introduction

2)    
Any Model

3)     Analysis
of the model results

a.      Descriptive analytics: what has happened?

b.     Predictive analytics: what could happen in the future?

c.      Prescriptive analytics: what should we do?

Use bar, pie,
histogram, pareto etc.

Modelling is an effective tool that allows managers to predict the effectiveness
of making certain decisions, determine the choice of the best scenario,
identify factors of competitive advantage in the market based on information
about the industry, macroeconomic forecasts, and political decisions, which
ultimately helps make strategically correct decisions. Think
how the use of a model can help management to make the right decisions about
the future results of the company by monitoring the current situation,
identifying interdependencies and conflicts, optimizing results, and
organizing time and action plans.

4)    
Conclusion

5)    
References
(atleast 10)

 

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