Exploration and Statistical Modeling of Profit

Faculty Mentor

Dr. Michele Joyner

Mentor Home Department

Mathematics

Short Abstract

For any company involved in sales, the goal of maximizing profit guides all decision-making. Understanding trends in one's own data, a company can identify potential growth opportunities to help increase profitability. In this talk, we examine general trends in a data set to recommend specific actions a company could implement to improve performance. Additionally, we explain the purpose of predictive modeling that helps companies adapt their decision-making process as the trends in the data change over time.

Category

Science and Technology

Start Date

24-4-2023 3:45 PM

End Date

24-4-2023 4:00 PM

Location

D.P. Culp Center Room 219

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Apr 24th, 3:45 PM Apr 24th, 4:00 PM

Exploration and Statistical Modeling of Profit

D.P. Culp Center Room 219

For any company involved in sales, the goal of maximizing profit guides all decision-making. Understanding trends in one's own data, a company can identify potential growth opportunities to help increase profitability. In this talk, we examine general trends in a data set to recommend specific actions a company could implement to improve performance. Additionally, we explain the purpose of predictive modeling that helps companies adapt their decision-making process as the trends in the data change over time.