Financial data analysis - Essay Example

Likewise tools to predict the stock price of the companies, there are certain tools which specifically used to predict the price of a region or a city (Carcello J et al., 2010). The prices pertain to the Wheat Kansas is comparatively higher than that of the Wheat No. 2 Soft Red in almost all the time period. Lots of fluctuation has been found among the prices of both of the prices of the wheat. The average price of Wheat 2, Soft Red is $ 630.48 while the average price of Hard Kansas is $ 860.054.

The average price movement for Soft Red Wheat is -0.10744% while the average movement of Hard Kansas is -0.07618. Standard Deviation which is one of the most important things from the aspect of finance and statistics is also applied on the same. From the analysis, it is found that the deviation from the mean for Red Wheat is 4.51%, while it is 3.45% for Hard Kansas. It means that the price of Hard Kansas is comparatively less risky than that of Red Wheat in total. Every organisation runs for the sake of economic profit and to do the same, different actions and strategies would certainly take into consideration.

Organisations are of different kinds and there would be different strategies would be applied for enhancing the revenue of the companies (Borodovsky & Gogarten, 2010). Economic downturns and external pressures are always difficult for the companies as a whole because it relates to both short and long term economic prosperity of the companies as a whole. From last few years, the stance of organisations and its productivity are quite blurred merely because of the economic crisis and high external pressure were on a higher side at that time.

Finance is a big field, in which there are number of things present and everything has its own importance and significance. There are certain things that come under the ambit of finance and among them; the name of forecasting is one of