Question: Reflection Activity: Module 3 Saving Acme Widgets Inc.You and your classmates are on a business consulting team that has acquired a reputation in the industry
Reflection Activity: Module Saving Acme Widgets Inc.You and your classmates are on a business consulting team that has acquired a reputation in the industry for being able to analyze data effectively to help businesses make better decisions. Acme Widgets has a problem and, hearing of your teams reputation, has sought you out for help. The problem? Acme Widgets is losing sales and they are not sure why. The Widget market is strong, and their product is competitive, but they naturally have all the challenges common to the industry. As such, customer satisfaction, customer retention, quality control, sales, advertising, macroeconomic factors, competitive price pressures, marketing channel selection, and many more are all valid considerations. The challenge is to predict where effort should be applied to yield the maximum positive results. With the leaderships acceptance of Acme as a client, your teams ultimate goal is to develop a predictive model which will accurately forecast Acmes Widget sales growth or decline based on acquired data. To build this model, you will first need to know which data to acquire, where to acquire it and how much weight importance to assign to each category in your model. Consequently, each team member is tasked with the
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