{"id":19816,"date":"2024-02-02T19:48:28","date_gmt":"2024-02-02T14:18:28","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19816"},"modified":"2024-02-02T19:48:31","modified_gmt":"2024-02-02T14:18:31","slug":"experience-of-spending-pattern-survey","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19816","title":{"rendered":"EXPERIENCE OF SPENDING PATTERN SURVEY"},"content":{"rendered":"

Title: EXPERIENCE OF SPENDING PATTERN SURVEY<\/p>\n

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Author: Shivpal Singh, Anand Kumar, Pratik Somani<\/p>\n

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Introduction: \u00a0In the realm of economic analysis, a spending pattern survey is a vital instrument that delves into how individuals allocate their financial resources. This survey provides a snapshot of consumer behaviour, revealing trends, preferences, and influencing factors in spending decisions. By examining diverse demographics and economic variables, this tool assists businesses, policymakers, and researchers in making informed decisions, shaping economic policies, and understanding the nuances of modern consumption habits.<\/p>\n

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Objective: Understand the underlying phenomenon of spending their money by UPI.<\/p>\n

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Literature Review\/ Views and Reviews:<\/p>\n

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\u201cSaving and Spending Trends among Youth\u201d (IJRCS).<\/p>\n

This study talks about to study the segment wise saving & spending habits of three groups (school, graduation, post-graduation) of students in Sirsa city.<\/p>\n

\u00a0To study gender wise saving & spending of the students.<\/p>\n

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Data Collection: For the given problem five questions were framed on Likert scale.<\/p>\n

We have decided to investigate the statements by means of an online survey where we collected survey from 100 students of ITM.<\/p>\n

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For every question, the mean, standard deviation, standard error, and t-stat were calculated. This data was primarily collected by us.<\/p>\n

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Data analysis:<\/p>\n

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H0: \u00b5=3<\/p>\n

H1: \u00b5\u22603<\/p>\n\n\n\n\n\n\n\n\n
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Mean<\/p>\n<\/td>\n

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Standard Deviation<\/p>\n<\/td>\n

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Standard Error<\/p>\n<\/td>\n

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T- Stat<\/p>\n<\/td>\n<\/tr>\n

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Q1<\/p>\n<\/td>\n

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4.28<\/p>\n<\/td>\n

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\u00a00.85<\/p>\n<\/td>\n

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0.09<\/p>\n<\/td>\n

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\u00a0\u00a0\u00a0\u00a0 15.21<\/p>\n<\/td>\n<\/tr>\n

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Q2<\/p>\n<\/td>\n

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3.73<\/p>\n<\/td>\n

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1.17<\/p>\n<\/td>\n

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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.12<\/p>\n<\/td>\n

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6.28<\/p>\n<\/td>\n<\/tr>\n

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Q3<\/p>\n<\/td>\n

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3.57<\/p>\n<\/td>\n

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1.16<\/p>\n<\/td>\n

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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.12<\/p>\n<\/td>\n

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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.93<\/p>\n<\/td>\n<\/tr>\n

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Q4<\/p>\n<\/td>\n

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3.57<\/p>\n<\/td>\n

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1.08<\/p>\n<\/td>\n

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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.12<\/p>\n<\/td>\n

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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5.30<\/p>\n<\/td>\n<\/tr>\n

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Q5<\/p>\n<\/td>\n

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4.44<\/p>\n<\/td>\n

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\u00a00.66<\/p>\n<\/td>\n

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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.07<\/p>\n<\/td>\n

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21.93<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Conclusion:<\/p>\n

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Ques 1- Do you use UPI daily?<\/p>\n

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Result- For question 1 accept the alternative hypothesis as t-stat = 15.21 which is more than 1.96. t-statistic provided is 15.21, it falls within the range of -1.96 to 1.96, we conclude that people are positive regarding the alternative hypothesis. people are positive regarding the use of UPI daily. There\u2019s strong positive sentiment indicated by the data.<\/p>\n

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Ques 2- Are you able to track the expenses that you making through UPI?<\/p>\n

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Result- \u2013 For question 2 accept the alternative hypothesis as t-stat = 6.28 which is more than 1.96. Since the t statistics is between -1.96 and 1.96, people are positive regarding they are able to track the expenses that they are making through UPI. There\u2019s strong positive sentiment indicated by the data.<\/p>\n

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Ques 3- Are you able to get the available balance after every transaction that is made through UPI?<\/p>\n

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Result- For question 3 accept the alternative hypothesis as t-stat = 4.93 Since the t statistics is between -1.96 and 1.96, people are positive regarding that they are able to get the available balance after every transaction that is made through UPI. There\u2019s strong positive sentiment indicated by the data.<\/p>\n

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Ques 4 – Do you feel every month that your account balance is low?<\/p>\n

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Result- For question 4 accept the alternative hypothesis as t-stat = 5.30 which is more than 1.96 Since the t statistic falls between -1.96 and 1.96, people are positive regarding the feeling of their account balance is low every month. There\u2019s strong positive sentiment indicated by the data.<\/p>\n

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Ques 5- Is UPI comfortable for payment?<\/p>\n

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Result- For question 5 accept the alternative hypothesis as t-stat = 21.93 Since the t statistic is between -1.96 and 1.96, people are considered positive regarding UPI comfortable for payment. There\u2019s strong positive sentiment indicated by the data.<\/p>\n

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References:<\/p>\n

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http:\/\/www.ijstm.com\/images\/short_pdf\/1473320828_402_IJSTM.pdf<\/a><\/p>\n

https:\/\/ijrcs.org\/wp-content\/uploads\/201803003.pdf<\/a><\/p>\n

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Title: EXPERIENCE OF SPENDING PATTERN SURVEY \u00a0 Author: Shivpal Singh, Anand Kumar, Pratik Somani \u00a0 Introduction: \u00a0In the realm of economic analysis, a spending pattern survey is a vital instrument that delves into how individuals allocate their financial resources. This survey provides a snapshot of consumer behaviour, revealing trends, preferences, and influencing factors in spending… Continue reading EXPERIENCE OF SPENDING PATTERN SURVEY<\/span><\/a><\/p>\n","protected":false},"author":139185,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19816","post","type-post","status-publish","format-standard","hentry","category-finance","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/139185"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19816"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19816\/revisions"}],"predecessor-version":[{"id":19817,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19816\/revisions\/19817"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19816"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}