As a Market Research Analyst at Perspectives Inc., I often use economic data to understand market trends and provide management with valuable insights. I recently spearheaded a project investigating the correlation between the housing market and interest rates in the Australian market.
Using advanced visualization and analysis tools such as Tableau and Python, I collated and analyzed data from various sources, including annual bank statements and real estate market reports. My analysis showed a distinct pattern; a rise in interest rates was typically followed by a slow down in the housing market.
These findings were reported to senior decision-makers and subsequently informed our company's strategic planning, especially regarding our real estate clients. From the project, we were better equipped to advise our clients on potential market shifts and devise strategies to mitigate potential risks. It highlighted the critical role that interpreting economic data plays in informed decision-making.