Business Statistics Project. We took Belvin Electronics Manufacturing Company and we specifically select four different variables on their single product model our variables containing Sales, Production Cost, Advertising Expenses, & Profit.

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        “We dedicate our project efforts to our respectable teachers who taught and hold our hands on several occasions to complete such complicated and lengthy project”.


ACKNOWLEDGEMENT

All praises and thanks to Almighty Allah. The Lord and Creator of this universe by whose power and glory all good things are accomplished. He is also the most merciful, who best owed on me the potential, ability and an opportunity to work on this project.

We are grateful to our respected teacher Sir Abid Awan who has guided us in each and every step of this project. Indeed, without his kind guidance we may not be able to even start this project. May ALLAH give him the reward, which he deserves.  We are also grateful to all those members who are related to this section.


CONTENTS

CORPORATE OVERVIEW        

BELVIN ELECTRONICS 21'' COLOR TV MODEL # BL 2152 FSW        

RAW DATA OF 21'' COLOR TV MODEL # BL 2152 FSW        

DESCRIPTIVE ANALYSIS        

PRODUCTION COST DESCRIPTIVE ANALYSIS        

Arithmetic Mean:        

Interpretation:        

Standard Deviation:        

Interpretation:        

Co-efficient of Variation:        

Interpretation:        

ADVERTISING EXP. DESCRIPTIVE ANALYSIS        

Arithmetic Mean:        

Interpretation:        

Standard Deviation:        

Interpretation:        

Co-efficient of Variation:        

Interpretation:        

SALES DESCRIPTIVE ANALYSIS        

Arithmetic Mean:        

Interpretation:        

Standard Deviation:        

Interpretation:        

Co-efficient of Variation:        

Interpretation:        

PROFIT DESCRIPTIVE ANALYSIS        

Arithmetic Mean:        

Interpretation:        

Standard Deviation:        

Interpretation:        

Co-efficient of Variation:        

Interpretation:        

Confidence interval about Mean:        

Interpretation:        

Confidence interval about Variance:        

Interpretation:        

Confidence interval about Standard Deviation:        

Interpretation:        

Confidence interval about Mean:        

Interpretation:        

Confidence interval about Variance:        

Interpretation:        

Interpretation:        

Confidence interval about Mean:        

Interpretation:        

Interpretation:        

Interpretation:        

Confidence interval about Mean:        

Interpretation:        

Confidence interval about Variance:        

Interpretation:        

Confidence interval about Standard Deviation:        

Interpretation:        

ANALYSIS OF VARIANCE        

ANOVA TABLE:        

Predicted Values, Square sum of Errors, Square sum of total errors        

Calculations for Multiple Regression Equation        

MULTIPLE REGRESSION ANALYSIS        

Required Regression Equation:        

CO-EFFICIENT OF DETERMINATION:        

Interpretation:        

ADJUSTED R SQUARE:        

Interpretation:        

CORRELATION:        

Interpretation:        

Critical Region:        

Test Statistic:        

ANOVA Table        

Decision:        

Interpretation:        

PREDICTION OF NEXT 10 MONTHS:        

Prediction        

Explanation:        

ADDITIONS OF MORE INDEPENDENT VARIABLES:        

REFERENCES WEBSITES:        

REFERENCES BOOKS:        


Executive Summary

Conducting & Reforming a research study on any subject or object has significant outcomes. Evaluating all these procedures in understanding the basic and fundamental practical aspects of course is keen need and requirement for students and it give precious information for the practical experiments of life.

Here we have to conduct the business research study for “Business Quantitative Techniques” to find out the performing business practices in history and creating better picture for future.

We took Belvin Electronics Manufacturing Company and we specifically select four different variables on their single product model “” our variables containing Sales, Production Cost, Advertising Expenses, & Profit. These Variables whether they are related with each other or not even to detect & Check their functional impact on organizational performance. Our Course provides us analytical & Mathematical techniques and skills to make measurable scaling to perform Quantitative or Qualitative (With Perspective to Calculative form) Analysis of any Organization.

Our Research Based on Three Different Phases:

  • Phase-I
  • Phase-II
  • Phase-III

Phase-I:

In this process we have to apply descriptive analysis on our selected data and for this purpose we have to apply different appropriate & Suitable Statistical tools for our data.

Phase-II:

In second step we have to estimate the data and make confidence levels for applying it to our population parameters. In this process we perform Interval Estimation and Analysis of variance ANOVA to calculate the variation in the sample to applying on population parameters as well.

Phase-III:

in last step we have to apply inferences and judging both possible outcomes whether we have to accept or reject the Sample Hypothesis. Design Forecasting Multiple Regression Model. Also make predictions for next 10 months by using multiple regression equation. Also discussing additional independent variables for regression to enhancing the capabilities of the model because how much we deeply analyze, more will be the accuracy are there in a model, and also check the correlation between the variables.

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Phase-I


Corporate Overview

The brand Belvin is owned by Bless group of companies, one of the most advanced and professional engineering groups. The group is recognized as a professional, well-organized and efficient manufacturing organization among the industrial and consumer markets. Since its inception in 1989, the group evolved to encompass a diverse spectrum of production capabilities.

Every member of the Bless Group is full committed and thoroughly dedicated to provide the best quality products and excellent services to its customers by meeting with their defined specifications, quality standards and delivery deadlines.

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