logo

STAT 6003: Statistics for Financial Decisions

9 Pages1214 Words114 Views
   

Statistics for Financial Decisions (STAT 6003)

   

Added on  2020-04-13

STAT 6003: Statistics for Financial Decisions

   

Statistics for Financial Decisions (STAT 6003)

   Added on 2020-04-13

ShareRelated Documents
Running Head: BUSINESS STATISTICS FOR FINANCIAL DECISION Business Statistics for Financial DecisionName of the StudentName of the UniversityAuthor note
STAT 6003: Statistics for Financial Decisions_1
1BUSINESS STATISTICS FOR FINANCIAL DECISION Table of ContentsTask a...............................................................................................................................................2Statistical Overview of data.........................................................................................................2Task b...............................................................................................................................................2Correlation Analysis....................................................................................................................2Task c...............................................................................................................................................3Time Series Regression...............................................................................................................3Task d...............................................................................................................................................5Task e...............................................................................................................................................6Methods of forecasting................................................................................................................6References........................................................................................................................................8
STAT 6003: Statistics for Financial Decisions_2
2BUSINESS STATISTICS FOR FINANCIAL DECISION Task aStatistical Overview of dataThe report analyses sales figures of Schmeckt Gut for the last 25years (1991-2015)andtries to forecast sales for the year2016. The first explanatory variable considers here is the GrossDomestic Product in US dollar capture the income development. The trend in prices is indicatedin terms of average increase in the price index. Population is another important factor determinedthe sales of energy bar. The data on population for the age limit 15 to 65 years are studied. Asurvey is conducted to measure the level of satisfaction from the energy bar consumption. Thesatisfaction level is ranked from 0 to 10 where 0 implies not satisfied and 10 implies verysatisfied. In order to promote products company makes advertisement. Advertisement of energybars that is number of advertisement on an average. The last variable consideris the number ofstores from where energy bars can be purchased. All the chosen explanatory variables are likelyto have large influence on sales. Task bCorrelation Analysis Sales US$SurveyscoreAdvertisementStoresSales US$1Survey score0.5886010191Advertisement0.9862369170.548330821Stores0.9711092840.528902970.9709667861The correlation matrix shows the correlation between sales and independent variables ofsatisfaction score, number of advertisement and number of stores. The correlation coefficient
STAT 6003: Statistics for Financial Decisions_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
SIimple & Multiple Regression Model
|10
|600
|67

Assignment on Statistics for Financial Decision
|7
|827
|33

ECON6000 Economic Principles and Decision Making
|8
|926
|66

Quantitative Demand Analysis - Assignment
|8
|1409
|314

Economic Principles and Decision Making: Regression Analysis and Trade Policy
|10
|1838
|345

Economic Principles & Decision Making
|8
|1421
|369