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Understanding Consumer Spending Habits During Recession: A Statistical Analysis

This study examines the impact of recession on consumer food spending habits across various age groups. We perform a detailed descriptive analysis using T-tests and correlation methods to determine changes in expenditure and income relationships. Our hypothesis tests reveal that before the recession, the mean expenditure on fast food and hawker food was $5.20. The results indicate insufficient evidence to reject this mean with a 95% significance level. Additionally, we analyze travel frequency and shopping behavior changes during the recession period, offering insights into consumer resilience.

jane-mcdowell
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Understanding Consumer Spending Habits During Recession: A Statistical Analysis

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Presentation Transcript

  1. Recession

  2. AGENDA: • Descriptiveanalysis • Analysis • T test • Correlation

  3. FOOD SPENDING HABITS

  4. How respondents see the change in their spending habits

  5. Spending habits of the different age groups

  6. Correlation

  7. Correlation between average expenditure and income

  8. Hypothesis? Ho: The mean fast food/hawker expenditure before recession is $5.20. H1: The mean fast food/ hawker expenditure before recession is not equals to $5.20 Ho: Чb == $5.20 H1: Чb=/= $5.20

  9. T-Test analysis

  10. Conclusion: • Do not Reject Ho • At 95% significance interval, since t statistic does not lie in the rejection region. • There is sufficient evidence to infer that the mean fast food/hawker food expenditure is $5.20.

  11. $HOPPING

  12. Relationship between Shopping frequency and expenditure

  13. TRAVELLING • Frequency before and after recession in the respective countries • Absolute and Percentage change in frequency for travelers.

  14. Absolute number of people traveling in year 2001

  15. Percentage of age groups traveling in year 2001

  16. Frequency of respondents traveling before and after recession (None & 1-5)

  17. Frequency of respondents traveling before and after recession (None & 1-5) Percentage

  18. Conclusion

  19. July 16, 2001, Monday SECTION: Home, Pg. H2 LENGTH: 1159 words HEADLINE: Nothing technical about the recession BYLINE: Walter Fernandez BODY:SPOTLIGHT: "TECHNICAL' RECESSION Economists say it is time to call a recession, a recession -- despite the labels given to the current slowdown IT WAS the headline of every newspaper and television bulletin last week: Singapore is in a "technical" recession. Not a recession. Not a "full-blown" recession, but a "technical" one.But what is a technical recession as opposed to a real recession? Does it mean the country has not seen the worst of the slowdown yet? And if so, how will Singaporeans know when the recession turns full-blown? Last Tuesday, even as the latest flash economic estimates were announced, The Business Times said in its editorial: "Many non-economists, including businessmen, find this talk of a "technical' recession confusing."

  20. Thank you for your attention The Moon Gnat The Poison Plant (,") =oUUo= (",)

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