An insurance company would like to understand the characteristics of employees who were laid off from mid-tier appliance companies.

An insurance company would like to understand the characteristics of employees who were laid off from mid-tier appliance companies. They would like to understand personal and employment characteristics of laid off employees. Go through the five steps of data driven decision making and describe how you would analyze this problem.

a)     What is the business problem?

b)    What is/are the business objective(s)?

c)     What is the plan of action?

d)    What are the business questions?

e)    What are the analytical questions?