Assignment 2 unit 5
Data modelling & Decision-Making
This Report will provide the reader with details about data modelling and decision making
Christine Akede
Group: Golf
,Name: Christine Akede (259495)
Group: Golf
Unit 5 Assignment 2
Table of Contents
TASK 1: DECISION MASKING PROCESS...................................................................................................2
How and why spreadsheet has become an important business........................................................2
Explanation and evidence of characteristics of good decision making..............................................2
Example using my spreadsheet..........................................................................................................3
Stages in decision making explained..................................................................................................3
Factors that affect the quality of information....................................................................................4
Tools of analysis used in excel...........................................................................................................5
Communicating with others through spreadsheets...........................................................................5
TASK 2: SPREADSHEET FEATURES..........................................................................................................6
Purpose of spreadsheet features.......................................................................................................6
Features used in my spreadsheet......................................................................................................8
Advantages and disadvantages:.......................................................................................................11
Task 3: EVALUATING CONTENT............................................................................................................13
How spreadsheet meet requirement...............................................................................................13
Recommendations for improvement...............................................................................................15
Features that can be used to extend functionality..........................................................................16
January 25, 2023
1
, Name: Christine Akede (259495)
Group: Golf
Unit 5 Assignment 2
TASK 1: DECISION MASKING PROCESS
In Task 1, I will describe the essential factors that contribute to a successful business's decision-
making process. I'll go through the tools and features that Microsoft Excel provides and how a
business may benefit from them.
How and why spreadsheet has become an important
business.
Data can be stored, arranged, and analysed using spreadsheet software similar to Microsoft Excel.
After being introduced in 1985, it has arguably evolved into the most significant computer
programme in services all over the world. Any function in any assiduity in business can benefit from
someone with great Excel chops.
Excel is a potent tool that has established itself in marketable operations throughout the world,
whether for budgeting, organising client deals lists, or assessing stocks or issuers. Excel can be used
to perform further than just add, abate, multiply, and divide thanks to the advanced IF functions
when used in confluence with pivot tables, VLOOKUP, and indicator- MATCH- MATCH.
Excel's expansive logical and computational tools make it a popular choice among finance and
account professionals. druggies of Microsoft Excel can find patterns in data and classify them into
useful groups. also, Excel handles mortal coffers tasks that help enterprises in understanding the
composition and conditioning of their staff, similar to categorising hours worked and arranging hand
biographies and costs.
According to an article on (Mooc.org), they believe that spreadsheet is considered the most
accessible tool for business analytics say; “Of all the existing data analytics tools, spreadsheets
remain the most accessible and traditional tool for business analytics; many businesses have used
spreadsheets since the start to store and analyze data, and Excel is the easiest to pick up and use
for most users.” This goes along with my earlier point about all the functions that are offered in a
spreadsheet.
Explanation and evidence of characteristics of good decision
making.
that decision is considered to be of high quality. They are aware of the flaws in their reasoning as
well as how accurate or inaccurate their information is. A wise choice is one in which you are aware
of your ignorance. Wise decision-makers choose courses of action that benefit both themselves and
other people. They approach the decision-making process with an open mind and refrain from
allowing their prejudices to influence them. They take sensible judgements after considering all of
their options and the repercussions.
Making a good decision requires careful consideration of a variety of aspects, including the potential
influence on the choice, the maker's both positive and negative, as well as any doubt that may exist.
Additionally, to guarantee that the concept or decision had the least amount of risk possible, the
January 25, 2023
2
Data modelling & Decision-Making
This Report will provide the reader with details about data modelling and decision making
Christine Akede
Group: Golf
,Name: Christine Akede (259495)
Group: Golf
Unit 5 Assignment 2
Table of Contents
TASK 1: DECISION MASKING PROCESS...................................................................................................2
How and why spreadsheet has become an important business........................................................2
Explanation and evidence of characteristics of good decision making..............................................2
Example using my spreadsheet..........................................................................................................3
Stages in decision making explained..................................................................................................3
Factors that affect the quality of information....................................................................................4
Tools of analysis used in excel...........................................................................................................5
Communicating with others through spreadsheets...........................................................................5
TASK 2: SPREADSHEET FEATURES..........................................................................................................6
Purpose of spreadsheet features.......................................................................................................6
Features used in my spreadsheet......................................................................................................8
Advantages and disadvantages:.......................................................................................................11
Task 3: EVALUATING CONTENT............................................................................................................13
How spreadsheet meet requirement...............................................................................................13
Recommendations for improvement...............................................................................................15
Features that can be used to extend functionality..........................................................................16
January 25, 2023
1
, Name: Christine Akede (259495)
Group: Golf
Unit 5 Assignment 2
TASK 1: DECISION MASKING PROCESS
In Task 1, I will describe the essential factors that contribute to a successful business's decision-
making process. I'll go through the tools and features that Microsoft Excel provides and how a
business may benefit from them.
How and why spreadsheet has become an important
business.
Data can be stored, arranged, and analysed using spreadsheet software similar to Microsoft Excel.
After being introduced in 1985, it has arguably evolved into the most significant computer
programme in services all over the world. Any function in any assiduity in business can benefit from
someone with great Excel chops.
Excel is a potent tool that has established itself in marketable operations throughout the world,
whether for budgeting, organising client deals lists, or assessing stocks or issuers. Excel can be used
to perform further than just add, abate, multiply, and divide thanks to the advanced IF functions
when used in confluence with pivot tables, VLOOKUP, and indicator- MATCH- MATCH.
Excel's expansive logical and computational tools make it a popular choice among finance and
account professionals. druggies of Microsoft Excel can find patterns in data and classify them into
useful groups. also, Excel handles mortal coffers tasks that help enterprises in understanding the
composition and conditioning of their staff, similar to categorising hours worked and arranging hand
biographies and costs.
According to an article on (Mooc.org), they believe that spreadsheet is considered the most
accessible tool for business analytics say; “Of all the existing data analytics tools, spreadsheets
remain the most accessible and traditional tool for business analytics; many businesses have used
spreadsheets since the start to store and analyze data, and Excel is the easiest to pick up and use
for most users.” This goes along with my earlier point about all the functions that are offered in a
spreadsheet.
Explanation and evidence of characteristics of good decision
making.
that decision is considered to be of high quality. They are aware of the flaws in their reasoning as
well as how accurate or inaccurate their information is. A wise choice is one in which you are aware
of your ignorance. Wise decision-makers choose courses of action that benefit both themselves and
other people. They approach the decision-making process with an open mind and refrain from
allowing their prejudices to influence them. They take sensible judgements after considering all of
their options and the repercussions.
Making a good decision requires careful consideration of a variety of aspects, including the potential
influence on the choice, the maker's both positive and negative, as well as any doubt that may exist.
Additionally, to guarantee that the concept or decision had the least amount of risk possible, the
January 25, 2023
2
