The way we consume goods and services has evolved quite drastically since we've entered the "digital age".
How has e-commerce developed over the years?
- Is there there any pattern in the variations of e-commerce sales?
- Can we predict how this type of sales evolves?
- What is the share of E-commerce Retail Sales in the Total Sales?
- Has its share grown faster than Total Sales?
- Can we predict the share of E-commerce Retail Sales as a Percent of Total Sales?
For this project, we study data from the Federal Bank of Saint Louis, USA:
- E-Commerce Retail Sales (ECOMNSA)
- E-Commerce Retail Sales as a Percent of Total Sales (ECOMPCTNSA)
E-Commerce Retail Sales is a measure of U.S. "sales of goods and services where the buyer places an order, or the price and terms of the sale are negotiated over an Internet, mobile device (M-commerce), extranet, Electronic Data Interchange (EDI) network, electronic mail, or other comparable online system. Payment may or may not be made online."
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