ICT Coursework – Depreciation Values of CD Prices

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Thomas Marchant        ICT Coursework        S11

ICT Coursework – Depreciation Values of CD Prices

Introduction

For my coursework I will be investigating the depreciation of CD prices depending on year, genre, record label and public rating. I shall use the tower records website for my main source or research. I will produce a database with all the information. I shall then plot a graph and a spread sheet so that it will be hopefully easy to estimate a price for a CD.

Prediction

        I predict that:-

  • Older CDs will usually cost less than newer CDs, but there are, of course, going to be exceptions as some older CDs are rare, this is because newer CDs tend to be more popular and so people will be willing to pay more for it.
  • Double CDs will cost more than single CDs, and triple CDs will cost more than double CDs. This is because it costs more to produce two CDs than one, and more to produce three CDs than two.
  • CDs that are rare or imported from other countries will cost more than CDs from the UK. This is because for imported CDs, the price includes shipping to the UK. For rare CDs they will cost more because they are harder to find and so therefore people will be willing to pay more for them.
  • Singles will be cheaper than EPs and albums, and EPs will be cheaper than albums. This is because it costs more to produce an album because of the amount of tracks. It also costs more to produce an EP than a single because of the amount of tracks.
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Method

  • A band/artist will be searched for on the ‘Tower Records’ website
  • An album will be selected and details entered into a database
  • The details are: Artist; Title; Year; Availability (from which country); Tower Records price; Number of CDs; Record label; Type of CD (Album, EP or Single)
  • This information will then be entered into a number of spreadsheets
  • A graph will be made from each of these spreadsheets
  • The graphs will then be used to predict a price for a certain aspect, the final price will be the average of ...

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