ECON1

See document attached

Provide answers ranging from 
150-200 words, approximately, for each part, depending on how much is being requested in the question. 

a) Fully describe the career/position/organization based on which you will answer the questions related to data (not the data collection process). Be clear if this is your current position/firm or a position/firm you hope to transition into. 

b) Start by describing your firm/organization and the industry you are in. Then tell us about the use of data in your firm/organization. What kinds of data does your firm/organization collect? What constitutes an “observation” in the examples you provide? Provide a discussion that addresses these questions. 

c) How does your firm utilize the data that it collects? And what decisions are made based on this data, and how does the data influence the outcomes of decisions? Provide a discussion that addresses these questions. 

d) Does your firm have data or statistics that it publicly reveals, perhaps in a report, in data that has to be submitted to another agency, in marketing, etc. If so, explain fully and discuss the motivation for revealing/publishing data. If the answer is NO, what kinds of information could be publicly revealed, and what might be a reason to do so? Provide a discussion that addresses these questions. 

e) How important is data accuracy in the scenario you describe above? Are there any controls in place to ensure data accuracy? If NOT, what ideas do you have that might ensure/improve data accuracy? Provide a discussion that addresses these questions. 

f) Envision an interesting research question that could be implemented in your firm using experimental or non-experimental research. Be clear which you are employing. And, fully identify and explain your dependent and independent variables.