This paper is published in Volume-6, Issue-2, 2020
Area
Statistics
Author
Yash Sarna
Org/Univ
NMIMS Anil Surendra Modi School of Commerce, Mumbai, Maharashtra, India
Pub. Date
10 March, 2020
Paper ID
V6I2-1211
Publisher
Keywords
Correlation, Regression, Straight line regression graph

Citationsacebook

IEEE
Yash Sarna. Analysis of relation between units sold and total profit, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Yash Sarna (2020). Analysis of relation between units sold and total profit. International Journal of Advance Research, Ideas and Innovations in Technology, 6(2) www.IJARIIT.com.

MLA
Yash Sarna. "Analysis of relation between units sold and total profit." International Journal of Advance Research, Ideas and Innovations in Technology 6.2 (2020). www.IJARIIT.com.

Abstract

We investigate whether there is a direct correlation between the quantity sold and the profit created from it. There are two variables – quantity sold and Total profit, our analysis will be focused on both of them. The analysis involves correlation and regression of both the variables and predicting the future value. The research paper also involves graphs that depict sales in different quantities. There are 524 entries in the research paper which will help us determine our objectives.