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20 May Create a SWOT table for the following scenario:? Home & Hea

Posted at 11:23h in Mathematics - Statistics by

 

Unit 1 Assignment: S WOT and Linear Regression

Outcomes addressed in this activity: 

Unit Outcomes: 

Describe types of risks in order to prioritize them.

Distinguish the difference between risks and issues.

Explain root causes and consequences of risk. 

Course Outcome: 

IT528-1: Enumerate common types of risks and their potential ramifications for modern business.

Purpose 

The purpose of this Assignment is to practice developing a SWOT analysis to identify and plan for risk mitigation, and then to prepare a linear regression model in R® that will address that risk. You will be expected to complete both a SWOT analysis and a linear regression model in this Assignment. 

Assignment Instructions 

Complete the following steps: 

In a Microsoft® Word® document, create a SWOT table for the following scenario: 

Home & Hearth is an American company that distributes heating oil for homes in rural areas across the country. These homes are remote enough that they cannot connect to natural gas services that are a normal part of town and city life. They must purchase heating oil to be delivered to their properties by truck, usually once or twice a month, though sometimes more frequently in colder months. Home & Hearth has been delivering heating oil to such homes all across America since in 1976. The company has a strong network of suppliers of crude oil, and owns its own refineries in eight regional locations around the country to process the crude into heating oil. Although it has more than forty years of experience, the company has been caught off guard from time to time with too little crude oil on-hand when demand for their heating oil has increased, sometimes due to new accounts, sometimes due to harsher or longer than expected winters in some areas. When winters are short or mild, the company is sometimes left with tens of thousands of gallons of crude or refined heating oil on-hand. Heating oil can turn rancid (unusable) if it is not used within a few months, though there are some preservation techniques that can extend the shelf life of heating oil by refrigeration. The price of oil seems to be changing all the time, which frustrates the company’s management as well. Over the years of their existence, oil burning stoves, furnaces, and hot water tanks have also become much more efficient, and the technology continues to improve. As cities and towns across America have continued to grow, some of their customers have gained access to natural gas hookups, but the company has also seen an influx of new customers moving to the country to escape the congestion and bustle of more metropolitan areas.

Note that although there is no hard-and-fast number of items, the paragraph gives enough information that every quadrant of your SWOT table should have at least two items, and could have more depending on your research and knowledge of the energy industry and supply chain concepts. Your lists should include both risks and issues Home & Hearth faces, and should distinguish between them.

Download the HeatingOil.csv data set file from Course Documents. Import it into R using this command: HeatingOil <- read.csv(file.choose(), header=T)

Create a linear regression model to predict heating oil usage based on the other variables in the data set.

Place a screenshot of your linear regression model into your Word document.

Write an interpretation of the predictive ability of your model and independent variables, with specific attention paid to independent variable coefficients and p-values.

Conduct research about the energy industry, focusing specifically on SWOT/risks this industry faces. Write a summary of how your linear regression model could help Home & Hearth respond to risk. Contextualize your summary using the research that you found. You should cite a minimum of five sources. These should be related to SWOT, linear regression, and/or risk management in the energy sector. Do not cite the data set or the course textbook. 

Assignment Requirements 

Prepare your Assignment submission in Microsoft Word following standard APA formatting guidelines: Double spaced, Times New Roman 12-point font, one inch margins on all sides. Include a title page, table of contents and references page. You do not need to write an abstract. Label all tables and figures. Cite sources appropriately both in the text of your writing (parenthetical citations) and on your references page (full APA citation format). 

Insulation_Rating Outdoor_Temp Num_Occupants Home_Age Home_Size Heating_Oil_Used
6 74 4 12 3356 132
10 43 4 45 2415 263
3 81 2 16 5899 145
9 50 4 34 3005 196
2 80 5 9 1164 131
5 76 3 10 2935 129
5 72 4 12 1678 131
6 88 2 27 4761 161
5 77 3 31 2149 184
10 42 3 40 574 225
6 90 2 31 1239 178
3 83 1 8 955 121
10 43 5 34 4194 186
8 59 2 39 4376 206
4 86 5 30 2931 179
4 80 3 21 3087 156
4 78 4 11 3637 135
4 76 1 39 3414 186
10 47 2 50 6691 282
10 55 4 36 6058 193
10 55 2 55 3581 295
5 75 1 11 6688 136
5 75 2 15 1739 142
10 57 1 47 4894 262
5 73 1 10 1611 120
7 56 1 48 3278 275
9 43 4 11 2430 207
10 45 2 43 3717 243
8 58 1 43 5496 250
8 53 3 48 845 262
3 83 1 19 1752 147
4 77 4 13 898 137
7 57 3 57 4749 299
10 58 1 54 4361 288
9 39 3 47 3155 274
4 81 2 27 5069 177
9 57 5 38 846 205
5 83 2 33 3955 186
8 40 2 42 3247 234
3 81 3 13 855 133
4 84 1 32 1647 185
2 86 5 12 4361 137
8 56 4 46 3254 264
4 87 2 34 3998 189
7 57 1 58 5073 298
5 73 2 11 687 131
2 89 4 8 943 118
5 87 4 30 1614 179
10 44 1 46 4745 258
4 79 2 23 600 161
9 48 4 47 6770 267
5 76 2 10 2209 124
10 42 2 42 2365 226
5 86 2 8 510 125
10 47 5 53 5364 287
3 82 4 6 2643 117
5 76 1 13 3188 137
2 72 1 20 3972 154
8 52 5 50 4934 283
10 50 5 45 2043 244
3 80 2 21 2254 157
10 45 2 49 5694 271
9 55 4 54 4576 287
10 57 1 32 2819 195
3 86 3 14 921 138
10 52 1 40 2321 223
7 40 2 41 775 235
9 60 5 42 3838 232
9 59 5 57 3744 298
2 39 5 30 3117 181
10 46 2 41 804 242
2 73 2 23 6539 156
10 55 5 35 3163 196
2 89 3 21 1692 156
10 56 5 35 4360 195
7 45 2 49 2814 264
8 52 2 56 1897 294
8 43 3 45 4119 248
10 43 1 49 4019 273
6 75 4 23 5720 159
3 83 5 6 1358 121
8 48 5 38 3779 209
9 60 3 44 3599 248
4 85 3 26 1319 168
2 89 5 9 2955 116
3 75 1 15 1794 142
6 88 5 29 3414 183
5 83 1 30 799 184
10 41 8 48 5699 274
4 77 5 11 1291 133
8 48 5 39 3127 207
2 81 3 28 6535 172
8 47 4 44 4099 238
5 89 4 28 4007 180
10 46 2 52 4095 288
10 49 3 38 1754 207
5 75 1 13 2752 138
2 80 4 13 4590 134
9 47 1 40 2206 224
4 85 3 25 5374 168
9 59 3 39 4294 230
9 48 4 36 6348 203
4 81 5 16 2871 142
10 55 1 49 4458 278
4 72 2 7 3556 123
4 76 5 13 2052 130
10 53 1 55 2084 292
8 54 4 46 6289 256
10 57 2 44 3866 256
5 73 4 13 5552 134
4 75 3 14 3039 140
5 75 2 28 2039 180
3 87 5 32 5299 189
3 80 3 29 523 178
3 81 2 27 6490 175
10 53 2 32 802 182
9 56 4 48 5569 274
7 59 5 39 5715 208
9 49 4 10 4177 207
3 74 10 15 3981 143
7 44 4 46 5417 264
2 52 5 25 4127 163
10 53 4 8 4002 290
5 73 4 32 877 188
7 46 3 46 5409 266
7 42 2 44 723 256
2 86 4 9 1617 120
5 76 6 17 1984 142
10 54 3 38 4266 206
7 43 2 39 3494 228
5 75 5 28 6154 178
5 75 4 29 4468 178
8 56 2 55 5167 300
10 60 4 55 3933 288
5 78 3 12 965 130
3 87 1 9 2536 129
10 56 10 35 4307 197
4 85 2 16 1862 146
10 50 4 38 2666 219
10 50 6 37 3211 197
3 75 3 17 2248 145
7 53 5 39 1363 224
9 58 3 44 2332 251
10 40 5 49 4168 275
3 74 1 57 1756 118
3 75 3 18 3302 145
9 51 1 53 3783 285
4 76 3 5 2676 117
3 90 3 28 4396 172
4 74 3 6 2105 120
5 86 1 43 4172 173
10 43 4 42 4522 225
4 87 1 31 2699 181
4 77 3 6 2203 1

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