Case Study:

An e$-$commerce company is struggling to manage its inventory effectively, leading to frequent stockouts and overstocked items. The company decides to implement data analytics to optimize its inventory levels and improve customer satisfaction. The company collects data on sales, customer feedback, and product returns to understand demand patterns and inventory issues.

Questions:

Which business analytics methods should the company use to solve its inventory management issues? Justify your answer. $(5$ marks$)$

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What role can data visualization play in helping the company$$s management team understand inventory trends? Provide an example of a visualization that could be useful. $(5$ marks$)$