Which commodity has experienced a higher price growth? Commodities are basic goods that are interchangeable with other goods. Commodities are most often used as inputs in the production of goods or services. Massive quantities of various commodities are traded in the global commodity trade markets around the world every day. Many economic and financial factors can have varying impacts on global commodities prices. The Excel file attached in Canvas contains the International Monetary Fund (IMF) dataset of global commodities price changes (in annual change over previous year, %) from 1994 to 2020 for the assigned commodities analysis. The following analyses to decide which assigned commodity has experienced higher price growth. 

1. Introduce the analysis report with a brief overview of the global commodity market over the past decades to the present. The introduction should be supported by reliable sources, i.e., academic journal research articles, newspaper articles, or any reliable websites. The introduction should not contain analysis from the data set. 

2. Using the data provided, analyze the price changes (in annual change over the previous year, %) of the assigned two commodities. the analysis must contain the following (use Excel): 

a. Draw the line chart for the price changes of both commodities. Provide the analysis. 

b. (i) Provide a table of comparison with all measures of Central Tendency for the price changes of both commodities. 

(ii) From the answers in (i), analyze the price changes of both commodities using only the BEST measure. Explain why you choose the BEST measure. 

c. (i) Provide a table of comparison with all measures of Variation of the price changes of both commodities. 

(ii) From the answers in (i), analyze the price changes of both commodities using only the BEST measure. 

Explain why you choose the BEST measure. d. Draw the Histograms of the price changes of both commodities and provide the analysis. e. Draw the Box-and-Whisker Plot of the price changes of both commodities and provide the analysis. 

3. Write a conclusion to support the answer to the case study question. Support your answer with at least three results you have found in Part 2. Write the conclusion in an unbiased manner that a non-technical audience can understand. 

4. Discuss how the conclusion from Part 3 provides implications that support the overview of global commodity markets development as you discussed in Part 1. Justify answer. 

5. discuss at least three economic or financial factors for each assigned commodity that can have an impact on the commodity price growth. 6. A business analyst suspects that the annual inflation rate of the United States (the data provided in the same Excel file given) is having a similar trend with the price changes of the two assigned commodities from 2000 to 2020. Provide the comment supported with the results in Part 2.

Answer rating: 100% (QA)

Introduction The global commodity market has experienced significant growth over the past few decades Commodities which are basic goods that are interchangeable with other goods are used as inputs in ... View the full answer