Project 2 - Supply and Demand Gap Analysis

AIM

The goal of this project is to perform a comprehensive analysis of the supply and demand dynamics for a particular product or service. By examining the existing market conditions and identifying gaps between supply and demand, this project aims to provide insights that can aid in strategic decision-making and planning.

INTRODUCTION

We are going to explore Uber Request dataset and try to find out how the immunization process is going.

METHODOLOGY

1. Data Understanding
2. Import and Cleaning process
3. Create Relationship
4. Create graphs for visualization and know the purpose of those graphs

Data Importing

• With help of Get Data option under the home tab we are importing csv file.
• With help of transforming data, we do necessary change using power query.
• Now click on Load and save data.

Data Cleaning

• After Import data, we have gone for data cleaning Process.
• With help of Power Query Editor, we will find missing values, any data errors, any data type mismatch etc.
• In this data, driver_id column contains 82% empty rows. So, we can remove null values from driver_id column.

Gap Identification:

Compare the supply and demand data to identify any gaps or imbalances. Assess the extent of the gap, whether it is a supply shortage or excess supply relative to demand. Use statistical techniques or models to quantify the supply-demand gap and understand its impact on the market.

Recommendations and Strategies:

Based on the analysis findings, provide actionable recommendations and strategies to address the supply-demand gap. This could involve optimizing production processes, adjusting pricing strategies, targeting specific customer segments, exploring new market opportunities, or improving supply chain management. Prioritize recommendations based on their potential impact and feasibility.

Visualization and Reporting:

Present the analysis results and recommendations through visualizations, charts, and reports. Utilize data visualization tools such as Matplotlib, Seaborn, or Tableau to effectively communicate the findings to stakeholders. Present a comprehensive report summarizing the supply-demand analysis, key insights, and proposed strategies.

CONCLUSION-

We have completed case study of Supply and demand gap analysis in Power BI and created different types of graphs based on results.