Question: Question 11 Business analytics concepts [20 marks] a) Data used in business analytics need to be reliable and valid. Explain. [8 marks] b) A financial

Question 11 Business analytics concepts [20 marks]

a) Data used in business analytics need to be reliable and valid. Explain. [8 marks]

b) A financial analyst collected useful information for 30 employees at Gamma Technologies, Inc. These data include each selected employees' gender, age, number of years of relevant work experience prior to employment at Gamma, number of years of employment at Gamma, number of years of post-secondary education, and annual salary. Indicate the type of data for each of the six variables included in this set. [6 marks]

c) What are the similarities and differences between correlation analysis and regression analysis? [6 marks]

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