Symbiosis Institute of Business Management, Hyderabad

Name of the Faculty Dr.Rajesh Prabhakar

Course Business Analytics

Semester – III Batch of 2020-22

Assignment Date 26-08-2021

Submission Date 26-09-2021

Topic:- Assignment No.1.

Sl.
PRN Name Remarks
No.

 20021141130 Aditi Prashant Wankhede

HUNGARY COVID 19 ANALYSIS

The data for covid 19 is collected for the country of Hungary & analysed for the
parameters stated in the assessment.
Confirmed Death Recoveries Confirmed Growth% Death Growth% Recoveries Growth%
Count 608 608 608 608 608 608
Minimum 0 0 0 0 0 -1
Maximum 818231 30136 749773 1 2 2.5
Range 818231 30136 749773 1 2 3.5
Average 314504.8898 11053.6398 183266.4391 2.33% 1.93% 2.49%
Median 168099.5 3628.5 7817.5 0.004270656 0.004882309 0.006633458
Mode 0 0 0 0 0 0
Variance 1.14353E+11 151047974.5 67694713720 0.004996314 0.008103551 0.017997484
Standard Deviation 338161.1197 12290.15763 260182.078 0.07068461 0.090019726 0.134154703
Q1 4100 571.5 746.5 0.000322252 3.32676E-05 0.000492042
Q2 168099.5 3628.5 7817.5 0.004270656 0.004882309 0.006633458
Q3 758261.75 25840.5 331929 0.020030039 0.013364745 0.017389123
IQR=Q3-Q1 754161.75 25269 331182.5 0.019707787 0.013331477 0.01689708
Skewness 0.487232198 0.599293526 1.162628848 8.29244434 18.14517778 11.87400671
Kurtosis -1.483283664 -1.365381721 -0.157173231 89.00427993 389.0892661 213.7600243

As per the analysis of descriptive statistics, the recoveries are less in numbers as
compared to the confirmed cases & death rate is higher than recovery rate as
compared to confirmed cases.
There exists a positive correlation between confirmed cases, recoveries & deaths
due to covid 19 in the country of Hungary.

COVARIANCE
Confirmed Cases Death Recoveries
Confirmed Cases 114164862372.09
Death 4132024326 150799540.3
Recoveries 68074291573 2471531674 67583373731

CORRELATION
Confirmed Cases Death Recoveries
Confirmed Cases 1
Death 0.995856201 1
Recoveries 0.774991551 0.774187648 1

t-Test: Two-Sample Assuming Unequal Variances

Confimred Growth% Death Growth%

Mean 0.023311146 0.019256301
Variance 0.004996314 0.008103551
Observations 608 608
Hypothesized Mean Difference 0
df 1149
t Stat 0.873559637
P(T<=t) one-tail 0.191270324
t Critical one-tail 1.646180873
P(T<=t) two-tail 0.382540648
t Critical two-tail 1.962030764

The T test conducted for two variables shows that difference in means of two
variables is statistically insignificant.
Anova: Single Factor

SUMMARY
Groups Count Sum Average Variance
Confimred Growth% 608 14.1731765 0.023311146 0.004996314
Death Growth% 608 11.70783117 0.019256301 0.008103551
Recoveries Growth% 608 15.13161156 0.024887519 0.017997484

ANOVA
Source of Variation SS df MS F P-value F crit
Between Groups 0.010262499 2 0.005131249 0.495018005 0.609642 3.000666
Within Groups 18.87609121 1821 0.010365783

Total 18.88635371 1823

The ANOVA single factor analysis shows that p value is greater than 0.05, hence
fails to reject null hypothesis. Hence, difference in the mean of variables 1,2 & 3 is
statistically insignificant.

ECONOMIC ANALYSIS HUNGARY

This year, the economy is set to rebound robustly thanks to the gradual lifting of
containment measures, and as consumer and capital spending recover amid
supportive fiscal and monetary policies, pent-up demand and inflows of EU
recovery funds. Moreover, a supportive external backdrop will further boost
growth. That said, pandemic-related uncertainty clouds the outlook. Focus
Economics analysts see GDP growing 6.3% in 2021, which is up 0.3 percentage
points from last month’s forecast, and 4.9% in 2022.

The pace of structural reforms has slowed in 2020 as the COVID-19 crisis has
demanded the government’s attention, making reforms all the more urgent.
Progress in reducing overly burdensome product market regulations has been
limited. Progress has been achieved with reforms of employers’ social security
contributions, which saw a cut from 17.5 to 15.5% in 2020. Reforms to vocational
training led to a stronger involvement of the private sector in developing curricula
of vocational institutions with the aim to better matching skills with labour market
needs. To improve labour market participation of mothers, the government
expanded further the availability of childcare facilities for children below the age
of three. Moreover, a pension reform is gradually increasing the statutory
retirement age from 62 to 65 by 2022. Despite this progress, room remains to link
the retirement age with gains in life expectancy and tackle old age poverty.
To ensure a speedy recovery that benefits all, the improvement of the business
environment and skills should be on top of the policy agenda. State-intervention
and regulatory barriers hamper market entry and dampen productivity. Low
graduation rates from tertiary education, weak vocational training outcomes and
high drop-out rates lower employment prospects of young adults, who are at risk
of long-term scarring given the impact of the pandemic on the labour market.