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Factors Affecting Fashion Designers' Income Analysis

Discover the impact of factors like country population, years in business, collections, and GDP on top fashion designers' incomes. Analysis reveals correlations and factors influencing success. Findings suggest income isn't solely based on population or GDP but trends. Ralph Lauren emerges as the most successful designer with an annual income of $5.7 billion.

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Factors Affecting Fashion Designers' Income Analysis

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  1. Analysis of Fashion Designer Incomes

  2. Purpose : * To find outwhat factors that effect the income of the top fashion designers

  3. Possible Factors: *population of country of origin *number of years in business *number of collections * population density of country of origin

  4. Income vs. Years in Business

  5. Analysis : *correlation was moderate positive * r2 of 11.1% * some newer designers are just as successful as older ones

  6. Income vs. Population of Country

  7. Analysis : *correlation was positive weak * r2of 0. 00 93 % * population of country does not have as big of effect as what country it is

  8. Income vs. Number of Collections

  9. Analysis: * correlation was moderate positive * r2of 15 %

  10. Income vs. G D P

  11. Analysis: *correlation was positive weak * r2 of 0.035 % * G D P per capita may have been more accurate

  12. Conclusion : *None of correlations were strong * designers success is based more on trends

  13. And the winner is …

  14. Ralph Lauren *annual income =$ 5.7 billion

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