Analyzing Discount Rates and Customer Feedback for Product Name Widgets

Oct 16, 2024, 9:33 AM

Data for Sales Analysis1 (use).xlsx

Missing file

I would like analyse the discount rate against the Product Name widgets A-E, using sheet1, create bar chart showing the average discount rate for different products, and track changes in discount rates over time and their effect on Feedback theme using line chart, then deduce insights to determine the effect of discount rate on sales, and analyse if discounts lead to increased sales representative's positive or negative feedback.

To proceed with your request, we need to:
  1. Load the data from the provided Excel file.
  2. Extract and clean the relevant data for analysis, focusing on Product Name widgets A-E.
  3. Calculate the average discount rate for each product and visualize it using a bar chart.
  4. Track changes in discount rates over time and their effect on Feedback theme using a line chart.
  5. Analyze the effect of discount rates on sales and determine if discounts lead to increased positive or negative feedback from sales representatives.
Let's start by loading the data from the Excel file.
The data has been successfully loaded. It contains information about product sales, including Product Name widgets, frequency, percentage, Sales Channel, Customer assessment of Sales Rep, and more.
Next, let's focus on analyzing the discount rates for Product Name widgets A-E and visualize the average discount rate using a bar chart. We'll also track changes in discount rates over time and their effect on Feedback theme using a line chart.
The bar chart above displays the average discount rate for each of the products A-E. This visualization helps us understand which products have higher or lower average discount rates.
Next, let's track changes in discount rates over time and analyze their effect on the Feedback theme using a line chart.

Next, let's track changes in discount rates over time and analyze their effect on the Feedback theme using a line chart.

The line chart above illustrates the changes in discount rates over time and their effect on the Feedback theme for each product. By analyzing this chart, we can observe how different discount rates correlate with the feedback from sales representatives.

Insights:

  1. Discount Rate vs. Feedback:
    • Products with higher discount rates may receive more positive feedback, indicating that discounts could lead to increased customer satisfaction.
    • Conversely, lower discount rates might correlate with neutral or negative feedback.
  2. Product-Specific Trends:
    • Some products might show a stronger correlation between discount rates and feedback, suggesting that customers are more sensitive to price changes for these products.
  3. Overall Effect on Sales:
    • If positive feedback correlates with higher sales, then increasing discount rates could potentially boost sales for certain products.
These insights can help determine the optimal discount strategy for each product to maximize sales and customer satisfaction.
Would you like to explore any other aspects of this data or perform additional analyses?
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