Analyzing the Impacts of Brexit on UK Economy

Data Analysis, Tools and
Application 02 Data Analysis
Report

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
METHODOLOGY..........................................................................................................................3
Data collection.............................................................................................................................3
Data preparation...........................................................................................................................4
Data analysis................................................................................................................................4
Results..........................................................................................................................................5
PROJECT MANAGEMENT...........................................................................................................8
Project plan..................................................................................................................................8
Project collaboration....................................................................................................................9
Learning reflection.....................................................................................................................10
REFERENCES..............................................................................................................................12

Topic: To analyse the impacts of Brexit on UK economy.
INTRODUCTION
Brexit is an abbreviation of two words Britain and exit. It is referred to the withdrawal
process of UK from the EU and the treaty of EU that regulates with the withdrawal process of
member state. The economy of UK was affected due to the Brexit which was found to impact the
GDP of the country and was responsible for the reduction of the British income. In this report
this issue that is the negative impact of Brexit on UK economy has been developed. This topic is
quiet interesting because it has been a very noticeable factor that influence the operations of the
economy. Analysation of this study is about finding out the different data on how Brexit was
responsible for negatively affecting the study. This topic is important because it is going to
helping the group to learn about the different sets of data and how it affects UK economy. From
this project the different aspect of the group project is going to help in management of their
study.
Group Project Aims
The aim of this study is to find the ways in which Brexit has affected the economy of
UK.
Individual Analysis Objectives
 To understand the concept of Brexit and what it proposed the business.
 To analyse the Brexit and how it affected the economy.
 To utilize data and information for understanding the trends of UK economy after Brexit.
METHODOLOGY
Data collection
Data collection is the systematic process of gathering observation or measurements that is
essential for performing research on topic of affecting of Brexit on economy (Chofreh and et.al.,
2019). For this data collection only the secondary data is going to be collected that is gathered by
primary and secondary methods of data. In order to collect the secondary data this research has
selected the topic the data that has been collected from the internet website. For the other

information books, journals and articles are also referred. Secondary data is the type of data that
has been already published in the forms of books, newspapers, magazines, journals and online
portals. This abundance of the data is also available for the source about the research area. This
is also applicable for the appropriate set of criteria that are selected as the secondary data that is
used for the study to play an important role in the terms of increasing the level of research
validity and reliability. These criteria are also considered to be the including the limitation of the
date of publication that is able to analyse the credential of the author that provides the reliable
source of quality and discussion. The depth of analysis in this is related to the extent of
contribution of the text for the development of the research area. For this research the secondary
data is going to be used effectively for the analysation of the impacts of Brexit on UK economy.
Data preparation
The process of data understanding has been considered to be the factor that is said to be
able to get familiar with the data that is key towards the identification of the quality problems
that is said to achieve the results that are required. It can be said that the discovering of the first
insights into the data has been the key factor that is able to detect the interesting subsets towards
the hypothesis about the hidden information on the UK economy (Ika and et.al., 2020). For this
collected data the process of data cleaning has been used for fixing or removing the incorrect,
corrupted, incorrect formatted, duplicate data that is present in the entire data set. This is said to
be the key factor that is able to provide the data with the understanding that makes it easy to be
interpreted through various opportunities. This is also said to be the combination of different data
source for the labelling of the information. In the data preparation the pre-processing of data is
also very important as it helps the research to describe any type of data that is essential for the
preparation of the another ty
Data analysis
Data analysis is the process that is systematic for the application for the statistical and
logical techniques which are used for the description and illustration of the condense and recap
and evaluate data. There are different techniques that are used for the data analysis which are
considered to be used for the interpretation of the data that has been collected ( Müller and Klein,
2020). Thematic approach is the method that is selected for this qualitative data that is able to
entail the search across the data for the identification of the analysis and report that is present in
the description of data. It is also considered to be involving the process that is key towards the