Stable Price Each from Dec 2022 to Dec 2023
Average Price Each per Day from 30 Dec 2022 to 24 Dec 2023
Key takeaway: The data shows fluctuations in the price of products over time without a clear upward or downward trend, indicating variability in pricing rather than a consistent pattern.
The dataset contains information about product orders, including order ID, product name, quantity, price, and order date. The provided data shows the price of products on various dates from December 2022 to December 2023. Analyzing this data reveals that there is no significant trend in the prices over time. Prices vary widely, with some dates showing high prices and others showing much lower prices. For example, on January 3, 2023, the price was $72.92, while on January 15, 2023, it dropped to $48.32. Similarly, on April 3, 2023, the price was $186.04, but by April 19, 2023, it had decreased to $20.81.
This variability suggests that the prices are influenced by factors other than a simple time-based trend. It could be due to changes in demand, supply chain issues, or other market dynamics. Understanding these factors could help in making more informed decisions about pricing strategies and inventory management.