Business Statistics Multivariate and Applications †MyAssignmenthelp.c

Question: Discuss about the Business Statistics Multivariate and Applications. Answer: Introduction Many ways are there to judge the growth or de growth of the trading industries and many elements can be made responsible for this. However, two factors are there that affect the growth and de growth of trading industries; they are exports and imports. Exports refer to deliver the products to the buyers and imports refer to the process of receiving their products. Independence and profits of the country are represented with exports; imports represent the customer base of the country and encourage the development of new products. There are many reasons behind the increase in the surplus to 1.3 billion. As per the statistic of January, there was 3% fall in the export and 4% rise in the import. As a result of this, the average of Australian trade dropped to an monthly average of 2.1 billion (Sachs, 2012). It implies that the demand of several products of Australian trading market did not match the supply. Additionally, the domestic companies are not able to provide in-house alternatives of imported products. In this regard, one hidden aspect is the taxation from the revenues that is different for each products in the market. Gold, silver, coal and iron are the backbone of the Australian trading industry. In January, the major surprise was the de growth in the non-monetary gold by 39% (Warner, 2012). This is a major deciding component of the Australian market. The exports of coal and iron ore were also low. However, the impressive performance of the rural market good of the country has helped to balance the growth of the trading market. The losses in the coal and iron ore sector imply the bad performance of these particular business sectors as well lack of work force and adequate resources. All the broad categories of products were showing inflation in the process of imports. Surprisingly, the sector of consumer goods was among the highest percentage of growth and the growth rate was 7%. In the month of January, there was also growth in the sector of consumer goods of 3.2% and the overall growth was 13.6% (Newbold, Carlson Thorne, 2012). In this situation, intermediate goods were another bright area that showed a growth of 3.8%. The intermediate goods are used for various production purposes. This is the scenario of the trade market of Australia (Berenson et al., 2012). Importance of Commodities Investment The investment focus of the whole world is on banking and monetary sectors; but a significant level of investment depends on various small-scale businesses. Investment in commodities is the process of investing in production processes. With the help of close analysis, it can be observed that production process is the source of all revenues that ensures the investment fund of the banks. This aspect increases the investment profitability of the commodity sectors. The investment in the commodity market ensures the expansion of the commodity businesses and it is resulted in the generation of more profits and revenues (Sharma, 2012). Two optimistic possibilities can be seen when a country imports its basic consumer goods. First, the country can afford it; second, the demand of consumer goods is increasing. However, the basic consumer goods can be manufactured easily in the country. This process will increase the production ration of the country and will provide more employment opportunities in the country. It is needed to analyze the market trend in order to increase the production of the products. In order to make best use of the commodity market, it is important to increase the amount of investment in commodity market. In this regard, the inclusion of new commodity investment schemes will be the effective and appropriate step (Siegel, 2016). Conclusion According to the above analysis, there are many positive signs in the trading market of Australia. The increase and growth in the imports of the country clearly imply that the commodity market of Australia is ready for expansion. Many ways are there by which the commodity markets can contribute to the good cause of the country. However, the commodity investment market needs to ensure that they can attract the correct investors. When the question is about basic consumer goods, it is essential to conduct a detailed market analysis for different important categories and to establish these businesses in the country. References Berenson, M., Levine, D., Szabat, K. A., Krehbiel, T. C. (2012).Basic business statistics: Concepts and applications. Pearson higher education AU. Newbold, P., Carlson, W., Thorne, B. (2012).Statistics for business and economics. Pearson. Sachs, L. (2012).Applied statistics: a handbook of techniques. Springer Science Business Media. Sharma, J. K. (2012).Business statistics. Pearson Education India. Siegel, A. (2016).Practical business statistics. Academic Press. Warner, R. M. (2012).Applied statistics: from bivariate through multivariate techniques: from bivariate through multivariate techniques. Sage.