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Using Data to Build Business Practice Assignment

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Added on  2020-10-23

Using Data to Build Business Practice Assignment

   Added on 2020-10-23

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Using Data to Build Business Practice
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Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Analysis of data in Travel Pac for understanding the pattern of travel of UK residents in thirdquarter.........................................................................................................................................1Tool and techniques of common business decision making.......................................................2Summarising and interpreting data.............................................................................................3Results.........................................................................................................................................7Recommendation.........................................................................................................................8CONCLUSION................................................................................................................................9
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Using Data to Build Business Practice Assignment_3
INTRODUCTIONData analysis is the term under which various types of data and information gathered fromdifferent sources is bring interpreted and evaluations are made to reach an effective outcome formthe data. Data analysis can be done through various methods and by use of different tool whichincludes statistical and mathematical tools. For the present report the data relevant to the sales ofthird quarter of 2017 which is collected by the organisation International Passenger Survey overpassengers and travellers visiting UK. In this respect a detailed analysis of the data is carried outwith use of statistical tool and then the same is interpreted to present and highlight the outcomesregarding the travel in UK with considering various categories.MAIN BODYAnalysis of data in Travel Pac for understanding the pattern of travel of UK residents in thirdquarterThe data which is collected by the International Passenger Survey have used different categoriesto bifurcate the passenger data into different headings. There are total 14 categories which isdivided into continuous and categorical variables. Under all this variables the data is collected onspecified criteria which depended on the the circumstances and natural presences of thecategories. These are:Year: A years is a period of 12 months which starts from the month of January and endswith the last day of December month. For the preset data the year for collection of information istaken as year 2017 over which the data related to the traveller in UK is gathered. Quarter: Quarters is a time period of 3 months in a year with a total of 4 quarters in ayear. The first quarters starts with January and ends in march and this continues till the lastquarter ending in month on December (Silverman, 2018). Over the passenger data third quarterof year 2107 is selected which start in month on July and ends in September.Passenger's residential status: This is the category which defines the residential statusof the traveller. In the given data he resident are divided into to section only. One is defined asUK residents and those who are from other nations are defined as Oversea resident. Mode of travelling: is the one route and mode of travelling used by the passengers tovisit UK. The methods of travel used by travellers visiting UK are broadly classified in 31
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