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Business Analytics

Introduction - Business Analytics

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1: Data Set 1

1.1: Introduction

The major area of emphasis in this report shall be provided on the key areas of statistical calculations concerned with an available data set. To further achieve suitable results and outcomes-oriented with the statistical calculations the additional emphasis on this report shall be further provided on the calculation of descriptive and regression statistical calculations to achieve suitable outcomes relating to the conclusion of the report. The data sets considered for the suitable calculation, analysis, and discussion for this particular report are based on the data sets for the EU referendum considering the socio-economic factors. The additional discussion and emphasis of this report shall be focused on a crucial mention of the predictive tools applicable for the suitable calculation of data sets. The crucial mention of the predictive tools shall further outline the various features, importance, advantages, and disadvantages of the selected predictive tool to further extract suitable evidence in this report. The additional emphasis of this report shall be further focused on a critical reflection for considering the key requirements of a data analytics project. This discussion shall be further revolving around the professional dynamics of an organization, whose primary objective and goal is to fulfil the needs and demands of its respective clients.

1.2: Key Data Features

To achieve suitable statistical exclamations, the primary emphasis of the data set for the EU referendum shall be focused on the calculation of descriptive statistics, which are mentioned as follows.

Descriptive Statistics

Electorate

Mean

121983.9423

Standard Error

4972.532913

Median

96760

Mode

102209

Standard Deviation

97059.97033

Sample Variance

9420637840

Kurtosis

53.76588074

Skewness

5.601606435

Range

1259156

Minimum

1799

Maximum

1260955

Sum

46475882

Count

381

Confidence Level (95.0%)

9777.125104

Table 1: Descriptive Statistics for Electorate

The above table demonstrates the various calculations of descriptive statistics in which the mean, median, and mode of the observations are calculated as 121983, 96760, and 102209 electorates. 

Votes Cast

Mean

88076.56168

Standard Error

3257.919246

Median

72741

Mode

37975

Standard Deviation

63592.04673

Sample Variance

4043948407

Kurtosis

42.88572813

Skewness

4.928880305

Range

789099

Minimum

1424

Maximum

790523

Sum

33557170

Count

381

Confidence Level(95.0%)

6405.80658

Table 2: Descriptive Statistics for Votes Cast

The above table demonstrates the descriptive statistics for Votes cast in which the mean votes cast is calculated as 88076, while the median and mode of votes cast are calculated as 72741 and 37975 votes cast.

Valid Votes

Mean

88010.07349

Standard Error

3255.413965

Median

72714

Mode

#N/A

Standard Deviation

63543.14559

Sample Variance

4037731351

Kurtosis

42.92962405

Skewness

4.931265277

Range

788725

Minimum

1424

Maximum

790149

Sum

33531838

Count

381

Confidence Level(95.0%)

6400.880629

Table 3: Descriptive Statistics for Valid Votes

The above table demonstrates the descriptive statistics for valid votes in which the mean of valid votes is slated to be 88010 valid votes. Similarly, the median of the valid votes is slated to be 72714 valid votes.

Remain Votes

Mean

42314.74803

Standard Error

1826.405129

Median

33523

Mode

36762

Standard Deviation

35650.00589

Sample Variance

1270922920

Kurtosis

43.71551274

Skewness

4.966922156

Range

439904

Minimum

803

Maximum

440707

Sum

16121919

Count

381

Confidence Level (95.0%)

3591.125841

Table 4: Descriptive Statistics for Remain Votes

The above table demonstrates the descriptive statistics for remain votes in which the mean votes are calculated as 42314 votes. The median and mode of remain votes are calculated as 33523 and 36762 votes respectively.

Leave Votes

Mean

45695.32546

Standard Error

1601.78824

Median

37576

Mode

35224

Standard Deviation

31265.65913

Sample Variance

977541440.6

Kurtosis

27.98726763

Skewness

3.993978846

Range

348821

Minimum

621

Maximum

349442

Sum

17409919

Count

381

Confidence Level (95.0%)

3149.478201

Table 5: Descriptive Statistics for Leave Votes

As per the demonstrations of the above table it can be depicted that the mean of leave votes is calculated as 45695 votes. Subsequently, the median and mode of the leave votes are calculated as 37576 and 35224 respectively.

Median Age

Mean

40.5984252

Standard Error

0.219059372

Median

41

Mode

40

Standard Deviation

4.27586835

Sample Variance

18.28305015

Kurtosis

-0.002903845

Skewness

-0.45956062

Range

22

Minimum

29

Maximum

51

Sum

15468

Count

381

Confidence Level (95.0%)

0.430720303

Table 6: Descriptive Statistics for Median Age

In the context of the above table, the depiction of descriptive statistics for median age is being conveyed in which the mean, median and modal age of the observation have been calculated as 40,41 and 40 respectively. As per the explanations and demonstrations of Amrhein, Trafimow and Greenland (2019), the significance of an average and median age suggests that the majority of the voters in the UK are concentrated on middle-aged persons.

Percent Graduates

Mean

26.91406418

Standard Error

0.392496166

Median

25.70996337

Mode

#N/A

Standard Deviation

7.661219528

Sample Variance

58.69428466

Kurtosis

2.796299256

Skewness

1.224033124

Range

54.14939814

Minimum

14.21477655

Maximum

68.36417469

Sum

10254.25845

Count

381

Confidence Level (95.0%)

0.771736294

Table 7: Descriptive Statistics for Percent Graduates

The above table of descriptive statistics for percent graduates states that the Kurtosis and Skewness of the observation are calculated as 2.79 and 1.22 respectively. Moreover, the Standard deviation and the sample variance of the observation have been calculated as 7.66 and 58.69 respectively. As opined, narrated and illustrated by Pereira, Pellaux and Verloo (2018), the significance of 7.66 as a standard deviation further represents the data sets close to the mean, in which case the percentage of graduated voters is stated to revolve around the 26-30% mark.

Percent HiProf

Mean

10.25338244

Standard Error

0.195791057

Median

9.50274242

Mode

#N/A

Standard Deviation

3.82168896

Sample Variance

14.6053065

Kurtosis

4.700398516

Skewness

1.439861394

Range

31.45378056

Minimum

4.014746473

Maximum

35.46852703

Sum

3906.53871

Count

381

Confidence Level (95.0%)

0.384969529

Table 8: Descriptive Statistics for Percent HiProf

As per the demonstrations of the descriptive statistics of Percent HiProf, it can be observed that the range of the data set is slated to be 31.45.

Percent Born Outside UK

Mean

10.63536959

Standard Error

0.513104376

Median

7.174176927

Mode

#N/A

Standard Deviation

10.01539786

Sample Variance

100.3081944

Kurtosis

5.27743223

Skewness

2.31189262

Range

52.93171093

Minimum

2.151430945

Maximum

55.08314188

Sum

4052.075816

Count

381

Confidence Level(95.0%)

1.008879331

Table 9: Descriptive Statistics for Percent Born Outside UK

As depicted from the above table of descriptive statistics for Percent born outside the UK, the mean and median percentage of people born outside of the UK is considered to be 10 and 7% respectively. As per narrations and opinions of Prabheesh, Padhan and Garg (2020), this further demonstrates a minuscule percentage of people being born outside the UK and representing themselves as voters. 

Percent Born LPR

Mean

1.175614156

Standard Error

0.0580326

Median

0.837097887

Mode

#N/A

Standard Deviation

1.13275116

Sample Variance

1.28312519

Kurtosis

8.94054331

Skewness

2.665851252

Range

7.501718746

Minimum

0.119303269

Maximum

7.621022015

Sum

447.9089934

Count

381

Confidence Level (95.0%)

0.114105226

Table 10: Descriptive Statistics for Percent Born LPR

From the above table of descriptive statistics for lawful permanent residents, the mean and median number of LPR is calculated as 1.18 and 0.84 respectively.

Econ Inactive

Mean

29.8861665

Standard Error

0.183555079

Median

29.76578726

Mode

#N/A

Standard Deviation

3.582852198

Sample Variance

12.83682987

Kurtosis

-0.227710034

Skewness

0.03723038

Range

21.29943917

Minimum

17.94081381

Maximum

39.24025298

Sum

11386.62944

Count

381

Confidence Level (95.0%)

0.360910827

Table 11: Descriptive Statistics for Econ Inactive

From the above table of descriptive statistics for Econ Inactive, it can be depicted that the standard deviation of 3.58 is generally considered to be situated close to the mean. Chaim and Laurini (2018) further expressed and stated that a standard deviation of 3 further represents that the Econ Inactive people are mostly situated in the 30-33 numerical bracket.

Unemployed

Mean

4.050482445

Standard Error

0.063254412

Median

3.897011066

Mode

#N/A

Standard Deviation

1.234676866

Sample Variance

1.524426963

Kurtosis

0.077908151

Skewness

0.672481229

Range

6.915021544

Minimum

1.10974106

Maximum

8.024762604

Sum

1543.233811

Count

381

Confidence Level (95.0%)

0.12437249

Table 12: Descriptive Statistics for Unemployed

The above table further states that the mean number of unemployed population is calculated as 4.

SUMMARY OUTPUT

Regression Statistics

Multiple R

0.996029748

R Square

0.992075258

Adjusted R Square

0.991839019

Standard Error

8768.217981

Observations

381

ANOVA

df

SS

MS

F

Significance F

Regression

11

3.55147E+12

3.22861E+11

4199.457229

0

Residual

369

28369327584

76881646.57

Total

380

3.57984E+12

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Lower 95.0%

Upper 95.0%

Intercept

7492.402332

4814508734

1.55621E-06

0.99999875

-9467308015

9467323000

-9.467E+09

9467323000

X Variable 1

-32.84913075

18.19046618

-1.80584326

0.071757589

-68.61911104

2.92084954

-68.619111

2.92084954

X Variable 2

-3.01178E+12

5.17674E+12

-0.581790555

0.561063017

-1.31914E+13

7.16783E+12

-1.319E+13

7.16783E+12

X Variable 3

3.01178E+12

5.17674E+12

0.581790555

0.561063017

-7.16783E+12

1.31914E+13

-7.168E+12

1.31914E+13

X Variable 4

3.01178E+12

5.17674E+12

0.581790555

0.561063017

-7.16783E+12

1.31914E+13

-7.168E+12

1.31914E+13

X Variable 5

-305.9520486

197.0356683

-1.552774943

0.121334135

-693.4056687

81.50157145

-693.40567

81.50157145

X Variable 6

-788.3763941

223.979269

-3.519863234

0.000485765

-1228.812277

-347.9405109

-1228.8123

-347.9405109

X Variable 7

-372.0414929

368.8347364

-1.008694291

0.313782243

-1097.323139

353.2401531

-1097.3231

353.2401531

X Variable 8

444.7719753

125.6569311

3.539573755

0.000452001

197.6784757

691.8654749

197.678476

691.8654749

X Variable 9

-1867.914181

671.9204735

-2.779963187

0.005714995

-3189.187746

-546.640616

-3189.1877

-546.640616

X Variable 10

505.2300069

173.6559329

2.909373716

0.003840941

163.7506167

846.7093972

163.750617

846.7093972

X Variable 11

1538.609189

673.1355968

2.285734399

0.022836178

214.9461892

2862.272189

214.946189

2862.272189

Table 13: Regression Statistics for EU Referendum

From the above table of regression statistics for the EU referendum, it can be stated that the multiple R and R square value of the observation is calculated as 0.9960 and 0.9920 respectively. Moreover, the coefficient and standard error of the observation are slated to be 7492.402332 and 4814508734 respectively. As per narrations and observations of Yabansu et al. (2019), the significance of regression statistics further helps to define the level of dependency between multiple variables of the data set. Therefore, from the above table, it can be concluded that the level of dependency between Total voters to education and median age is considered highly dependent. 

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1.3: Discussion on Predictive Tool

The selection of a predictive tool for suitably calculating the statistical components of an observation and data set is considered an important metric to further acquire requisite values from the data sets. Therefore, the selection of Statistical analysis, machine learning module and search engine optimisation (SEO). As per the statements and illustrations of Be?o (2021), the advantages of statistical analysis further include a data collecting organisation to have a large and vast data set of the EU referendum and extract feasible results in an easy and non-complex manner. Moreover, the implementation of statistical analysis as an important predictive tool can further help the organisation to conduct a detailed market survey of the number of voters and virtually estimate how much growth in the voters and electors list is expected.

The selection of a machine-learning module is further considered a beneficial and significant stage of a predictive tool. Hofmann, Lau and Kirchebner (2022), opined that the advantages of employing a suitable machine learning module further enable an organisation to identify necessary trends and paradigms of the voters based in a constituency. The various trends and paradigms of the voters can be further identified as the orientation of educated voters in an election as well as the concentration of the youth population in the elections. The selection of SEO as a predictive tool also creates a significant amount of favourable circumstances for an organisation. According to Seo (2020), the advantages of SEO mainly consist of the ability for an organisation to filter and select suitable EU referendum data to further understand how much percentage of the voters is unemployed. Necessary steps and actions can be further implemented by the concerned authorities thereafter to minimise the concentration of unemployed individuals in an election.

1.4: Reflection

The significance of a data analytics project is considered an area of utmost importance to get a basic overview of the number of voters present in a constituency as well as interpret the results accordingly through numerical calculations. As per the opinions and explanations of Baijens, Helms and Kusters (2020), the requirements of a data analytics project further include the conduct of three steps which are importing of data, data analysis and communication. In my opinion, the import of data is a critical function of the data analytics project to extract suitable information about the total number of voters in an electorate. I also feel that data analysis using statistical tools is another important metric to fetch suitable data results. I further feel that establishing suitable communication for the conveyance of data analysis is further important for ensuring the true numerical aspects of the imported data

2: Data Set 2

2.1: Introduction

In this report, a detailed discussion on the key statistical implications shall be conducted and special adherence shall be further provided to the calculation of statistical figures. Majority of the calculations for the statistical implications shall be further conducted on the available data set which is related to customer purchases and pregnancy. This report shall further revolve around the numerical calculations of descriptive statistics and regression statistics and shall further provide a suitable discussion on the various predictive tools that could be applied by a particular organisation. A self-reflection on the various requirements of a data analytics project shall be further briefly discussed in this report.

2.2: Key Data Features

Descriptive Statistics

Pregnancy Test

Birth Control

Feminine Hygiene

Mean

0.075

Mean

0.14

Mean

0.141

Standard Error

0.008333333

Standard Error

0.010978184

Standard Error

0.011010915

Median

0

Median

0

Median

0

Mode

0

Mode

0

Mode

0

Standard Deviation

0.263523138

Standard Deviation

0.347160655

Standard Deviation

0.348195692

Sample Variance

0.069444444

Sample Variance

0.120520521

Sample Variance

0.12124024

Kurtosis

8.462662537

Kurtosis

2.323241804

Kurtosis

2.273689484

Skewness

3.231987188

Skewness

2.078123989

Skewness

2.066191206

Range

1

Range

1

Range

1

Minimum

0

Minimum

0

Minimum

0

Maximum

1

Maximum

1

Maximum

1

Sum

75

Sum

140

Sum

141

Count

1000

Count

1000

Count

1000

Confidence Level(95.0%)

0.016352845

Confidence Level(95.0%)

0.021542945

Confidence Level(95.0%)

0.021607174

Table 14: Descriptive Statistics for Pregnancy Test, Birth Control and Feminine Hygiene

From the above table of descriptive statistics for Pregnancy test, the mean, median and mode of the observation are slated to be 0. This further means that majority of the customers did not buy pregnancy kits recently. From the table of birth control, the mean, median and mode of the observation are also calculated as 0, meaning that the majority of the population did not purchase birth control kits recently (investopedia.com, 2022). The above table of feminine hygiene also presents mean, median and mode, meaning that the majority of the population did not buy feminine products recently.

Folic Acid

Prenatal Vitamins

Prenatal Yoga

Mean

0.106

Mean

0.128

Mean

0.018

Standard Error

0.009739551

Standard Error

0.010570134

Standard Error

0.004206387

Median

0

Median

0

Median

0

Mode

0

Mode

0

Mode

0

Standard Deviation

0.307991654

Standard Deviation

0.334256979

Standard Deviation

0.133017644

Sample Variance

0.094858859

Sample Variance

0.111727728

Sample Variance

0.017693694

Kurtosis

4.581399453

Kurtosis

2.980162965

Kurtosis

50.83369238

Skewness

2.563638165

Skewness

2.230292947

Skewness

7.261682229

Range

1

Range

1

Range

1

Minimum

0

Minimum

0

Minimum

0

Maximum

1

Maximum

1

Maximum

1

Sum

106

Sum

128

Sum

18

Count

1000

Count

1000

Count

1000

Confidence Level(95.0%)

0.019112325

Confidence Level(95.0%)

0.020742211

Confidence Level(95.0%)

0.008254368

Table 15: Descriptive Statistics for Folic Acid, Prenatal Vitamins and Prenatal Yoga

From the above table of descriptive statistics for Folic Acid, Prenatal vitamins and Prenatal Yoga the mean, median and mode are calculated as 0. This further signifies that majority share of the customers did not buy these products recently.

Body Pillow

Ginger Ale

Sea Bands

Mean

0.018

Mean

0.069

Mean

0.03

Standard Error

0.004206387

Standard Error

0.008018934

Standard Error

0.005397141

Median

0

Median

0

Median

0

Mode

0

Mode

0

Mode

0

Standard Deviation

0.133017644

Standard Deviation

0.25358096

Standard Deviation

0.170672579

Sample Variance

0.017693694

Sample Variance

0.064303303

Sample Variance

0.029129129

Kurtosis

50.83369238

Kurtosis

9.62089868

Kurtosis

28.51261882

Skewness

7.261682229

Skewness

3.406121085

Skewness

5.518659029

Range

1

Range

1

Range

1

Minimum

0

Minimum

0

Minimum

0

Maximum

1

Maximum

1

Maximum

1

Sum

18

Sum

69

Sum

30

Count

1000

Count

1000

Count

1000

Confidence Level(95.0%)

0.008254368

Confidence Level(95.0%)

0.015735886

Confidence Level(95.0%)

0.010591033

Table 16: Descriptive Statistics for Body Pillow, Ginger Ale and Sea Beds

From the above table of descriptive statistics for body pillow, ginger ale and sea beds the mean, median and mode are calculated as 0 respectively. Therefore, this signifies that the majority of the customers did not buy these products.

Stopped Buying Cigarettes

Cigarettes

Smoking Cessation Products

Mean

0.092

Mean

0.097

Mean

0.06

Standard Error

0.009144376

Standard Error

0.009363689

Standard Error

0.007513751

Median

0

Median

0

Median

0

Mode

0

Mode

0

Mode

0

Standard Deviation

0.289170572

Standard Deviation

0.296105857

Standard Deviation

0.237605674

Sample Variance

0.08361962

Sample Variance

0.087678679

Sample Variance

0.056456456

Kurtosis

6.006873157

Kurtosis

5.449903464

Kurtosis

11.79538488

Skewness

2.827518946

Skewness

2.727454425

Skewness

3.71103733

Range

1

Range

1

Range

1

Minimum

0

Minimum

0

Minimum

0

Maximum

1

Maximum

1

Maximum

1

Sum

92

Sum

97

Sum

60

Count

1000

Count

1000

Count

1000

Confidence Level(95.0%)

0.017944389

Confidence Level(95.0%)

0.018374755

Confidence Level(95.0%)

0.014744545

Table 17: Descriptive Statistics for Stopped Buying Cigarettes, Cigarettes and Smoking Cessation Products

The above table demonstrates that the mean, median and mode for stopped buying cigarettes, cigarettes and smoking cessation products is calculated as 0. This further signifies that the majority of the population in the households are continuing to smoke cigarettes. 

Stopped Buying Wine

Wine

Maternity Clothes

Pregnant

Mean

0.13

Mean

0.123

Mean

0.131

Mean

0.5

Standard Error

0.01064017

Standard Error

0.010391293

Standard Error

0.010674875

Standard Error

0.0158193

Median

0

Median

0

Median

0

Median

0.5

Mode

0

Mode

0

Mode

0

Mode

1

Standard Deviation

0.336471712

Standard Deviation

0.32860155

Standard Deviation

0.337569182

Standard Deviation

0.500250188

Sample Variance

0.113213213

Sample Variance

0.107978979

Sample Variance

0.113952953

Sample Variance

0.25025025

Kurtosis

2.862017051

Kurtosis

3.292766964

Kurtosis

2.804331821

Kurtosis

-2.004012036

Skewness

2.203700753

Skewness

2.299170594

Skewness

2.190599724

Skewness

-5.79052E-18

Range

1

Range

1

Range

1

Range

1

Minimum

0

Minimum

0

Minimum

0

Minimum

0

Maximum

1

Maximum

1

Maximum

1

Maximum

1

Sum

130

Sum

123

Sum

131

Sum

500

Count

1000

Count

1000

Count

1000

Count

1000

Confidence Level(95.0%)

0.020879646

Confidence Level(95.0%)

0.020391265

Confidence Level(95.0%)

0.020947749

Confidence Level(95.0%)

0.031042867

Table 18: Descriptive Statistics for Stopped Buying Wine, Wine, Maternity Clothes and Pregnant

From the above table of descriptive statistics for stopped buying wine, wine and maternity clothes, the mean, median and mode of the observation are found to be zero. However, the mean, median and mode of pregnant population are slated to revolve around 0.5 to 1. This signifies that in every two households, 1 person is found to be pregnant.

SUMMARY OUTPUT

Regression Statistics

Multiple R

0.672171463

R Square

0.451814475

Adjusted R Square

0.443457989

Standard Error

0.373195361

Observations

1000

ANOVA

df

SS

MS

F

Significance F

Regression

15

112.9536189

7.530241258

54.06751595

3.6614E-117

Residual

984

137.0463811

0.139274778

Total

999

250

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Lower 95.0%

Upper 95.0%

Intercept

0.413672294

0.018939149

21.84217941

1.51822E-86

0.37650653

0.450838058

0.37650653

0.450838058

X Variable 1

0.218058401

0.046541505

4.685246063

3.18916E-06

0.12672639

0.309390412

0.12672639

0.309390412

X Variable 2

-0.274472752

0.034666709

-7.917473492

6.51371E-15

-0.342501929

-0.206443574

-0.342501929

-0.206443574

X Variable 3

-0.245079751

0.034344935

-7.13583383

1.86482E-12

-0.312477486

-0.177682016

-0.312477486

-0.177682016

X Variable 4

0.34405342

0.039239498

8.768038156

7.86842E-18

0.267050703

0.421056136

0.267050703

0.421056136

X Variable 5

0.298086596

0.036121626

8.252302888

4.95531E-16

0.227202323

0.368970869

0.227202323

0.368970869

X Variable 6

0.318919562

0.089495211

3.563537737

0.000383451

0.143296155

0.494542969

0.143296155

0.494542969

X Variable 7

0.184546094

0.089416384

2.063895744

0.039289318

0.009077376

0.360014811

0.009077376

0.360014811

X Variable 8

0.226086097

0.047063221

4.803880632

1.79836E-06

0.133730281

0.318441913

0.133730281

0.318441913

X Variable 9

0.140434527

0.069965526

2.007196064

0.045001874

0.00313574

0.277733315

0.00313574

0.277733315

X Variable 10

0.159818146

0.041818284

3.821728963

0.000140837

0.077754879

0.241881414

0.077754879

0.241881414

X Variable 11

-0.164941603

0.040425204

-4.080167477

4.86467E-05

-0.244271122

-0.085612084

-0.244271122

-0.085612084

X Variable 12

0.165721439

0.051586516

3.212495273

0.001358593

0.06448921

0.266953668

0.06448921

0.266953668

X Variable 13

0.191146551

0.03600652

5.308664995

1.365E-07

0.12048816

0.261804943

0.12048816

0.261804943

X Variable 14

-0.207701535

0.036766736

-5.649169753

2.10997E-08

-0.279851759

-0.135551311

-0.279851759

-0.135551311

X Variable 15

0.240508913

0.035811449

6.715978306

3.15411E-11

0.170233324

0.310784502

0.170233324

0.310784502

Table 19: Regression Statistics for Customer Purchases and Pregnancy

From the above table of regression statistics, the resulting coefficients and standard error are calculated as 0.4136 and 0.1893 respectively. This further signifies that the level of dependency between variables such as being pregnant and changing lifestyle norms as well as buying suitable products is relatively low.

2.3: Discussion on Predictive Tool

Predictive tools are generally used by businessmen to predict their customer's rationale and potential audiences regarding their campaigns and promotions. As per the view of Anshari et al. (2019), predictive Tool regarding the Customer purchases and pregnancy refers to the electronic equipment through which the customer's pregnancy segments are measured. The predictive tools such as medicines, small equipment, reports, and machine models are used to ascertain the no. of customers who are getting pregnant by staying in a household based on recent customer purchases. Predictive tools are “Text Analysis, Real-Time Analysis, Statistical Analysis, Data Mining, and Optimization” (Bates et al. 2018). These tools are used to measure the customer's expectations and it also evaluates the time where the demand of related substances are increased or decreased.

Customer purchases the products such as Feminine Hygiene, Folic Acid, Prenatal Vitamins, Prenatal Yoga, Body Pillow, Ginger Ale, Sea-Bands, Smoking, and Cessation Products, Maternity Clothes, and Pregnancy tool kit. As stated by Chen et al. (2021), the demands and supply of these products are measured by the “Sales Reporting Tools”. Under these, there are various software and retorting tools that help in measuring the quantities that are sold in a fixed period of time. The sales tools are InsightSquared, MixPanel, Intercom, Klipfolio, HubSpot Reporting and DataBox. These tools are the business intelligence tools that help in acquiring the marketing and promotions segment in numerical (Guan et al. 2019). Under this, the account holder's details including the number are put to get the overall access to the products that are sold.

For example- at the time of pregnancy, the demand for intoxicating substances such as wine, and cigarettes are low. As per the author Guha et al. (2021), from the data given in the case study, it can be seen that the businessman has received less income from the four categories. Buying Cigarettes, Products and Stopped Buying Wine. However, the demand for the products such as Feminine Hygiene, Folic Acid, Prenatal Vitamins and Body Pillow rises. This is based on the same time this product is required by the customers (Jai et al. (2021). Therefore it can be seen that the customers are rational in nature. If a product is less in demand, then naturally the other substitute can have more demand than the product.

These reporting tools enable small pieces of information regarding each product with its metrics in a simple way. The CRM and sales tools help to identify the overall required demand and sales of a distinctive product. In a general manner, the Meister Task is the best tool to measure the customer purchaser in the household segment as well as the market segment. The sales tools show the required level of products from the specific category where the people need to attain their satisfaction. As opined by Nusraningrum and Gading (2021), this tool also promotes the reasonable rate segment, s the customers likely to buy good quality products at low prices. The marketing of the above mentioned products is done by the sales analytics where the pregnancy products are in demand when the customers are eager to buy those products in time of need.

These sales promotions are done by getting the information from the legal websites on the customer preferences. The avenues are collected in the form to get all the information that which products are required for the customers who are pregnant. According to the information, the products were made and the life cycle is totally dependent on the customer preferences. As mentioned by Pradeep et al. (2018), generally, customers from household aspects demand these products as they frequently like to conceive. However, in urban areas, the demand for these products creates a competitive opportunity where the customers are rational in nature. This increases the producer's interest to gain more profit by selling the products which are in demand.

The Self-service sites and online communities in the current times show the customer purchases in a brief way. This is because people are mainly spending their time on social sites and media, where they can freely share what they want. From there businessmen can ascertain the demand to a great extent. As per the view of McCarthy et al. (2019), people generally want innovative and cheap rates for the products they want. Therefore from the sales tools and through the social media the requirement and preferences of the customers are easily ascertained. The predictive tools and its software “gather and enrich contact data and customer information”. This is vital for the companies to enrich all the valuable and required data about their customers.

2.4: Reflection

In my opinion, the key requirements for a data analytics project to be effective in meeting the

Needs of the client are the use of predictive tools. In the second data set, the customer's purchases are determined by sales tools that reflect the exact demand of the customers. I think that predictive tools show the effectiveness of the demand where the customer purchases are clearly shown. From there, in my opinion, it can be stated that the demand for these products is low for a certain period. These data are collected to a great extent. As per my knowledge, it can be stated that the clients can give effective reviews if the product and its related data are accurate.

References

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