Quantitative Data Analysis Report

Quantitative Data Analysis
Report

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Business research problem..........................................................................................................3
Literature review.........................................................................................................................3
Dataset identified........................................................................................................................5
Quantitative analysis...................................................................................................................5
Visualisation of data....................................................................................................................7
Findings.......................................................................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Quantitative data analysis is concerned with evaluating the numerical figures on that fact
based decision can be formulated. In the current era, having quantitative data analysis is required
to be taken into consideration so hat significant ability to evaluate the prevailing performance
can become possible. The current study is based on evaluating the impact of unemployment over
the GDP of the economy. It will give emphasis on evaluating business research problem and
literature by covering the relevant theory. The study will pay attention on having quantitative
analysis of data set along with the visualization. This will include findings so that appropriate
knowledge can be provided.
MAIN BODY
Business research problem
Unemployment is one of the major issue that is related with individuals who are actively
finding the employment opportunities but unable to get. GDP indicator of economy growth by
reflecting its performance. Unemployment leads to low personal consumption, investment, etc.
activities that can impact on GDP of country. From the evaluation it can be specified that the
GDP and unemployment usually go together. It can be articulated that there are few sectors who
are considered to be labour intensive which involves having unemployment rate is higher if the
GDP comes from the greater labour intensive industry. This can be properly understanding with
help of the below conducted quantitative data analysis.
Literature review
In the views of Cosculluela-Martinez (2020) GDP is one of the significant factor that is
taken into consideration for standard measure of value added via production of the goods and
services for the specified period. It is taken into process for evaluating the performance of
business in the significant manner via focusing on private consumption, gross private and
government investment along with spending. It refers to the monetary market value of all the
finished goods and services that are manufactured in the particular duration. It plays important
role in reflecting the overall performance of country. There are different factors that influences
the GDP of country which includes personal composition, investment, net exports and
government expenditure. In against to this, Strauss, Isaacs and Rosenberg (2021) that GDP is
reflection of country's performance which is determined by taking distinct factors into