Analysing Information & Data for Problem Solving Doc
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Added on 2020-09-17
Analysing Information & Data for Problem Solving Doc
Added on 2020-09-17
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ANALYSING INFORMATION & DATAFOR PROBLEM SOLVING
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3Trends in Germany stationary market..........................................................................................3TASK 2............................................................................................................................................4TASK 3............................................................................................................................................5(a) Total sales value of products from 2015 to 2017...................................................................5(b) Pie chart for sales amid of 2016 and 2017 product-wise......................................................6C. Correlation coefficient:...........................................................................................................6(d) Making prediction on basis of trend line................................................................................8TASK 4............................................................................................................................................9(a)Completion of table.................................................................................................................9(b)International standard applied to the firm business.................................................................9TASK 5..........................................................................................................................................10(a)Monthly cost by considering year.........................................................................................10(b)Monthly cost by considering month......................................................................................11 TASK 6.........................................................................................................................................11Confidence interval....................................................................................................................11TASK 7 ........................................................................................................................................12(a)Recommendation to improve situation..................................................................................12(b)Descriptive statistics..............................................................................................................12CONCLUSION..............................................................................................................................13REFERENCE.................................................................................................................................13
INTRODUCTIONStationary business is the one of the growing business in Germany. Number of businessfirms in stationary business are growing at rapid rate which are producing scales, pencil,sharpeners and many other stationary items. In the current report stationary business is analyzedacross varied EU nations. Correlation and trend line like techniques are applied on data-set andmeaningful interpretations are made. Correlation results reflect that with increase in year inpositive manner sales value of stationary also increase at rapid rate. Trend analysis results reflectthat in upcoming time period sales value will increase at rapid pace Means that in future timeperiod sales of stationary products will increase in rapid pace as same thing is reflected by bothcorrelation and trend analysis. At end of the report, descriptive statistics are applied andcomparison between variables are made. By forming conclusion research work is completed inthe report. TASK 1Trends in Germany stationary marketFigure 1Wholesale stationary business in GermanyInterpretation3 | P a g e
The above chart is demonstrating that there was large number of firms that wereoperating in the stationary business in Germany. 1,2, 3 are reflecting years in the above givenchart. Earlier these numbers was 7973 which comes down to 5300 and on this basis it can bededuced that now less number of firms are operating in stationary business (Internationalsuppliers, 2017). Post-recession trend was begin but after 2008 decline happened at rapid pace innumber of firms that are in stationary business. This also indicates that to some extentcompetition get reduced in the market. On basis of results it can be said that in future time periodthe number of firms may decline in the industry which will prove good for the company asnumber of competitors may be reduced. In next five to ten years if same trend continue firm maybecome benefit to large extent. Out of all the spending made by the European nations in drawingand writing material, second position was secured by the German market. Yes decline in a use of paper is very beneficial from the environment point of view. As theadvancements are evolving and each and every sector of the organisation it is very beneficial forthe companies to use digital method for transferring and receiving information rather than paper.Out of all the spending made by the European nations in drawing and writing material, secondposition was secured by the German market. As technologies are increasing at a rapid speeddemand for digital products are much more higher than of stationary products, because digitalmethods provides easy way for completing the task in a more effective manner. TASK 2On basis of chart that is given varied things can be observed like Germany andSwitzerland are the two countries where demand is on peak and due to this reason value of salesis also greater then other nations that are in the chart. It can be seen that after Germany andSwitzerland country where sales value is high is Romania. Apart from these nations Poland,France and Italy are the nations that comes in fourth, fifth and sixth position in the market. Thus,it can concluded that in two EU nations which are Germany and Switzerland higher amount ofsales is made. In Germany usually students spend 300 Euro of amount on purchasing varieditems of stationary. For education purpose number of foreign people comes in mentioned nationevery year. Hence, per capita expenditure on stationary may further increase4 | P a g e
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