I want to make statistic final project on any industry SO C

I want to make statistic final project on any industry.

( SO COULD YOU PLESE SUGGEST ME ON WHICH INDUSTRY SHOULD I START MAKING PROJECT SUGGEST AND GIVE YOUR VALUABLE ADVICE WITH BELOW BULLET POINT)

In a single page or less, preferably a paragraph, include the followings about your term paper:

1. Identify the title of your study or the topic.( suggest me which one would be easy industry to do )

2. In a a single line(s), state the hypothesis or the purpose of your study. ( explain why also give hypothesis or purpose of study on particular industry)

3 -what is the dependent variable?( from the above data)

4 -what is the independent variable? First, name two and then focus on only one of the two independent variables. Explain relationship between each of the independent and the dependent variables

5. How do you plan to gather your data/information

Solution

1. Topic is :

                              Micro Small & Medium Enterprises (MSME) - Furniture Manufacturing Industry

2. Purpose of Study of this Industry:

Small scale industry (like Furniture Manufacturing Industry) is renowned for its social economic growth factors and even industrial expansion. The small scale industry is that its growth has generated better job prospects helping free enterprise and inculcation of expertise besides guaranteeing better utilization of limited fiscal reserves and technology

3. Dependent Variable:

The raw materials (wood) is dependant variable for a Furniture Manufacturing Industry, because they can’t produce anymore products without raw material to sell in market.

4. Independent Variables:

Manufacturing Tools and sawmill are independent variables; because either production increases or decreases, the manufacturing tools and sawmill remain unchanged in the industry premise.

A sawmill is a small factory under furniture manufacturing industry where logs are cut into lumber.

The sawmill and the raw material are related to each other. If there is no raw material (wood) then the sawmill will remain closed. If there are more than required raw materials to cut for extra productions then sawmill has to run more than a regular fixed time.

5. Gather Information:

                    To gather information about data of Furniture Manufacturing, go to any Furniture Industry where the sawmill is also established and there is real manufacture of Furniture products. Watch and gather information that how many logs are cut into lumber. How many furniture goes prepared. How many sells in International market and how many sells in domestic market. What is the price difference in both sold products etc. In this way the information can be gathered

Thank You