Analyzing Changes in Online Prices of High Demand Products in UK due to COVID-19
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Added on 2023/06/15
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This study analyzes the changes in online prices of high demand products in UK due to COVID-19 using statistical tools like descriptive statistics, correlation and regression. The data is collected from secondary sources and the analysis shows that the changes in prices of these products are very less on an average.
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Researching Business Data INTRODUCTION With respect to the current pandemic there are many different changes which havebeenundertakenandthishas affectedtheoverallworking.Hence, thecurrentposterwilloutlinethe changes in online price of high demand products in UK due to COVID 19. Data collection and presentation Thecollectionofdataisvery important because the whole study is being based on the data, so it need to be reliable and valid. The in present case of analysisofchangesinhighdemand product the data will be gathered from the secondary sources. Discussion With the analysis of the above descriptive statistics it is clear that on an average the changes in prices of the high demand product are very less. The reason pertaining to the fact is thatbefore,duringandafterthe COVID the changes in the prices and consumptionoftheseproductsare less. Conclusion-Intheend,itis concluded that the use of statistics and recordingbusinessdataisvery important. Thereasonpertainingto the fact is that in case the data will not be recorded in proper and effective manner then this will be affecting the working efficiency. ABSTRACT The present study is based on the use of statistical tools in order to identify some meaning from the raw data. The currentanalysisoutlinetheuseof Different techniques like descriptive statistics,correlationandregression and other Tools and techniques.