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ECON-221 STATISTICS

MANUFACTURE OF TEXTILES AND LEATHER

Students: MinelaGolubicProfessor: NerminOruc
AmraHabibovic
Sarajevo, May 2012
Contents
1.INTRODUCTION- 2 -
2.RESULTS OF DESCRIPTIVE STATISTICS- 2 -
Table 1 Outliers- 3 -
Figure 1 – Variable charts 2004-2011- 4 -
Figure 2 – Distribution charts; 2007 and 2008- 5 -
3.RESULTS OF INFERENTIAL STATISTICS- 5 -
Table 2 – Correlation- 5 -
Figure 3 Scatter plot – Correlation- 6 -
Figure 4 Scatter plot - Regression- 7 -
4.REPRESENTATIVE SAMPLE- 7 -
Table 3 Confidence Interval- 8 -
5.CONCLUSIONS- 8 -

INTRODUCTION
This statistical research is done in the field of Textile and Leather Manufacturing in Bosnia and Herzegovina. The data was collected from the Sarajevo Stock Exchange (SASE) and Banja Luka Stock Exchange (BLSE), which provided this research with company-level financial data for the period 2004-2011on 377 textile and leather manufacturing companies. Furthermore, the purpose of this research is to analyse the impact of the crisis on financial distress of in the textile and leather manufacturing companies, by comparing period 2004-2007 with the period 2008-2011. The current situation in the textile and leather industry sector,based on the reports published by statistical agencies in B&H play a significant share in the country’s GDP as well as being an important exporter of raw leather to and importer of finished products from EU countries. The textile and leather industry sector also employs a great number of skilled workers and does not require additional investment into the production of raw materials and semi-finished products. However, the problems that the textile and leather industry faces include obsolete equipment and technological gap, surplus and aging labor force, shortage of working capital, inability to develop own products, and a shortage of skilled labor force. The companies of the textile and clothing industry are more or less evenly distributed between the RS and the FBiH. Taking the two sub-sectors together, 47 per cent of the businesses are located in the Federation and 53 per cent in the Serbian Republic. The textile industry businesses are traditionally raw material-based and are distributed across the entire country. Medium-sized and larger companies with 50-1,000 employees form the backbone of the textile industry in BiH. The trend is increasingly towards companies employing up to 200 employees.

RESULTS OF DESCRIPTIVE STATISTICS
In analysis of the data using descriptive statistics, which is the process of collecting, summarizing, presenting and analyzing the data of the textile and leather industry, various results were found that has provided a large amountof interesting information and conclusions concerning the impact of the crisis on financial distress of companies in the textile and leather sector, by comparing period 2004-2007 with the period 2008-2011. The results obtained include information on outliers found in the data set of the textile and leather sector, and other descriptive measures. The outliers in the data are mainly found in the Profitability of the financial data and other outliers are found in the Current assets ratio, Productivity, and Number of workers as we can see below in the Figure1.  |  |  | Outliers|  |  |  |

Year| Number of workers| Total assets turnover | Leverage | Current assets ratio| Profitability| Long-term debt | Productivity | 2004|  |  |  |  | -9,32597294|  |  |
2005|  |  |  |  | -15,4221336|  |  |
2006|  |  |  |  | -41,7|  |  |
2007|  |  |  |  | -417,588|  |  |
2008|  |  |  |  | -505,218|  |  |
2009|  |  |  |  | -577,557|  |  |
2010| 1149|  |  | 8,221570718| -377,607|  | 574429| 2011|  |  |  | 8,339155727| 5,96137951|  |  |
| | | | | | | |
Table1 Outliers
Furthermore, in analysis of the annual averages of each financial data and...
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