You are required to use the appropriate module concepts and techniques to complete the given task and analyse the data provided on Blackboard.
Treforest Transport has a number of offices across Great Britain and Europe, selling a wide range of passenger cars. The management have consulted you to write an individual report summarising the company’s performance and recommending changes using evidence-based decision-making methods. Your report should address the following 4 issues and also present any further analysis you wish to present - focusing on your chosen degree pathway (Business, Human resource, Logistics, procurement and supply chain).
Please open the worksheet, GB Market, and examine the relationship between Car Sales and other three variables. Using the variable that has a strongest correlation with Car Sales, predict the future sales figure in Belfast.
Licensed cars (000s) |
Population (million) |
GVA (£ million) |
|
Belfast |
114 |
0.4 |
10,633 |
Please analyse your office data from the worksheet, Cardiff Sales, and compare your findings with the ones for Belfast.
Car type |
Sales price range in £ |
1. City Car |
10,000 – 16,000 |
2. Hatchback |
16,000 – 22,000 |
3. Saloon |
30,000 – 36,000 |
4. Estates |
28,000 – 34,000 |
5. SUVs |
25,000 – 31,000 |
6. Sports |
45,000 – 51,000 |
The findings from the HQ based on all regional offices show that average monthly sales revenue is £5.1 million with £1.8 million standard deviation. Using this information and your monthly sales revenue you calculated above, how well do you think your branch (Cardiff office) is doing compared to other regional offices?
Based on the findings, the HQ asked you to increase the number of car sales. You are planning to organise a sales event, targeting 50 new potential customers. If you want to sell at least 10 more cars (10 or more), which car type should you aim to promote the most (= higher chance of selling the type of car)?