Business Analytics - Analysis of Product Related Information

Running Head: BUSINESS ANALYTICS
Business Analytics
Name of the Student
Name of the University
Author Note

1BUSINESS ANALYTICS
Table of Contents
Part D...............................................................................................................................................2
Part E...............................................................................................................................................7

2BUSINESS ANALYTICS
Part D
The desired outcome of the target variable:
To conduct this analysis, the dataset that has been considered is based on the product
related information such as cost, revenue, price over a certain period of time. The main aim of
the analysis is to identify the hidden trends and patterns in the dataset with the help of
visualization. Several relationships on the underlying variables has been obtained from the
analysis. The main target of the research is to increase the gross profit.
Examine the variables that affects the problem or the target variable:
The variables that can be used in this research that affects the problem of the target
variable are Product type, revenue, quantity, sales price per unit and cost of the products. On the
basis of all these factors, the sales of the products are affected and in turn it affects the Gross
Profit.
Identification of Relationships, Generation of Business Insights and Visual Analytics:
The condition of a country can be clearly understood with the help of the Gross profit of
the country. It can be seen clearly from the analysis that the gross profit of the country United
States is the highest followed by all other countries such as Japan, China, etc. Further, it can be
seen from the horizontal bar graph illustrating the Gross Profits of different countries, it ca be
seen clearly that the Gross profit of United States is a lot higher than the gross profit of all the
other countries. Thus, from this analysis, it can be clearly indicated that The United States is the
country with the highest stability in the economy. The graph is attached in the figure below: