Sales Data Analysis: Initial Insights.

Sales Data Analysis: Initial Insights.

Introduction

The dataset under review is a sample sales data file consisting of 2,823 records and 25 columns. The primary purpose of this review is to identify initial insights that can inform further analysis. Key variables include order details, product information, customer information, and sales performance.

Here are my observations so far:

Data Structure and Types:The dataset comes in a variety of data types including integers (e.g., ORDERNUMBER, QUANTITYORDERED), floats (e.g., PRICEEACH, SALES), and objects (e.g., ORDERDATE, STATUS, PRODUCTLINE).
Key date-related columns (ORDERDATE) are stored as objects and may require conversion to datetime format for more in-depth time series analysis to truly understand trends over time.

Sales Performance:The SALES column represents the total sales amount per order line. The initial review shows variability in sales amounts, which give an opportunity to further explore the products, times of year, or even regions driving the highest and lowest sales.
Summary statistics for SALES indicate a range of values, providing a basis for segmenting data by sales performance. In simpler terms, we’ll be able to categorize our sales into different groups (high, medium, low) to see which ones contribute the most.

Customer Location: The dataset includes customer-specific data such as customer names, along with their countries and cities. This allows us to analyze where our sales are concentrated geographically.
Important Note: While we have some location details, there are some missing pieces like state, postal code, and specific addresses. Depending on what analysis objective is, we might need to address this missing data by cleaning it up or estimating the missing values.

Product Powerhouse: We’ve got product details like category, unique code, and even the suggested retail price. There’s also a category for the size of each order (small, medium, large). This will be useful for understanding how sales differ based on the volume of products sold together.

Visualizations and Summary Statistics
To support these observations, I have provide basic visualizations and summary statistics.
Image description

Conclusion
The initial review of the sample sales data reveals several insights:

  1. The dataset contains a mix of numerical and categorical data, with some columns requiring data type conversion or cleaning.

  2. Sales performance varies significantly, indicating potential areas for deeper analysis of high and low-performing segments.

  3. Geographic and product-related data provide opportunities for market segmentation and targeting.

Further analysis could focus on exploring seasonal trends, customer segmentation, and the impact of various product lines on overall sales. Handling missing data and converting date fields will be crucial steps in preparing the dataset for more detailed investigations.


Discover more from Coursity

Subscribe to get the latest posts sent to your email.

Leave a Comment

Comments

No comments yet. Why don’t you start the discussion?

    Leave a Reply

    Your email address will not be published. Required fields are marked *