Title: One Way ANOVA, Calculation of 4 Fashion Technology Companies.
Author: Soniya Tamse- (MMS), Roll No- (58)
Introduction:
Analysis of 4 Fashion Technology Companies taken by me, namely:
1.Biba
“Biba” is a popular fashion brand based in India. The brand is known for its contemporary and trendy clothing collections for women. Biba offers a wide range of ethnic and fusion wear, including kurtas, kurtis, salwar suits, lehengas, and various accessories.
- Fab India
Fabindia is a prominent Indian retail brand that is widely recognized for its emphasis on traditional craftsmanship, sustainable practices, and the promotion of rural artisans. Established in 1960 by John Bissell, Fabindia has played a pivotal role in popularizing handcrafted and traditional Indian products both within India and internationally.
- Raymond
Raymond is a well-established and renowned Indian textile and apparel company that has a rich history dating back to 1925. The company is recognized for its high-quality suiting and shirting fabrics, as well as its diverse range of apparel and lifestyle products4. Hexaware Technologies.
4.Nike
Nike is a globally renowned fashion and sportswear brand that needs little introduction. Founded in 1964 as Blue Ribbon Sports and later renamed Nike, Inc., in 1971, the company has become one of the world’s most recognizable and influential names in the fashion and athletic footwear and apparel industry.
Objective: To Compare 4 Fashion Technology Companies by the way of One Way ANOVA.
Data Collection: Students of our Batch were requested to grade the following IT Companies on the scale of 1-10 and One-way ANOVA was calculated.
Data Analysis:
Hypothesis:
H0: All Fashion technology Companies are equal (A=B=C=D)
H1: Any one of the fashion technology Company is different.
|
Source of Variation |
SS |
df |
MS |
F |
P-value |
F crit |
|
Between Groups |
-9.425 |
3 |
-3.14167 |
-0.45204 |
0.46232 |
2.866266 |
|
Within Groups |
250.2 |
36 |
6.95 |
|||
|
Total |
240.775 |
39 |
|
|
|
|
Result: Table F=0.05, 3 DF, 36 DF = 2.86
As Calculated F = 0.45 is less than tabulated F= 2.86, reject H1, accept H0, which means all Fashion Technology companies are equal.