BMA708-Marketing-Insights-Into-Big-Data Models

These models and simulations have been tagged “BMA708-Marketing-Insights-Into-Big-Data”.

 Introduction; 
 This model shows COVID-19 outbreak in Burnie have some impact for local economy situation and government policy. The main government policy is lockdown during the spreading period which can help reduce the infected rate, and also increase the test scale to help susceptible confirm t

Introduction;

This model shows COVID-19 outbreak in Burnie have some impact for local economy situation and government policy. The main government policy is lockdown during the spreading period which can help reduce the infected rate, and also increase the test scale to help susceptible confirm their situation.


Variables;

Infection rate, Death rate, Recovery rate, test rate, susceptible, immunity rate, economy growth rate

These variables are influenced by different situation.


When cases over 10, government will implement lockdown policy.


Conclusion;

When cases increase too much , they will influence the economic situation.


Interesting insights:

If the recover rate is higher, more people will recover from the disease. It seems to be a positive sign. However, it would lead to a higher number of recovered people and more susceptible. As a result, there would be more cases, and would have a negative impact on the economic growth.