Distribution Analysis of Price Each: Key Trends and Insights
Examining the Probability Distribution of Price Each Values
Key takeaway: The data shows a normal distribution, indicating that the product orders are consistent and there are no unusual patterns or hidden segments.
The dataset contains information about product orders, including order ID, product name, quantity, price, and order date. The Kernel density plot created from this data reveals that the distribution of the data is normal, meaning it follows a bell-shaped curve. This suggests that the product orders are evenly spread out without any extreme outliers. There are no hidden segments within the data, which implies that the ordering patterns are stable and predictable. This can be useful for inventory management and forecasting future orders, as it indicates a steady demand for the products.