Proceedings of the International Conference on Application of AI and Statistical Decision Making for the Business World, ICASDMBW 2022, 16-17 December 2022, Rukmini Devi Institute of Advanced Studies, Delhi, India

Research Article

Statistical Decision Making of Spending and Savings Habits among Students of Delhi NCR Region

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  • @INPROCEEDINGS{10.4108/eai.16-12-2022.2326192,
        author={Nisha  Jain and Aarti  Sehgal},
        title={Statistical Decision Making of Spending and Savings Habits among Students of Delhi NCR Region},
        proceedings={Proceedings of the International Conference on Application of AI and Statistical Decision Making for the Business World, ICASDMBW 2022, 16-17 December 2022, Rukmini Devi Institute of Advanced Studies, Delhi, India},
        publisher={EAI},
        proceedings_a={ICASDMBW},
        year={2023},
        month={2},
        keywords={inflation spending behavior pocket money and bank balance economic condition saving behavior education expense},
        doi={10.4108/eai.16-12-2022.2326192}
    }
    
  • Nisha Jain
    Aarti Sehgal
    Year: 2023
    Statistical Decision Making of Spending and Savings Habits among Students of Delhi NCR Region
    ICASDMBW
    EAI
    DOI: 10.4108/eai.16-12-2022.2326192
Nisha Jain1, Aarti Sehgal1,*
  • 1: Rukmini Devi Institute of Advanced Studies, Rohini
*Contact email: aarti.sehgal@rdias.ac.in

Abstract

A country can promote economically and socially, if its weaker section can turn out to be fiscal independent. This paper provides a comprehensive review of the saving and spending habits of scholars. The study at hand investigates the places of socio- demographic factors, cerebral point chops, perception towards shopping, saving behavior, money scenario and consumption habits on the confirmation of the inflation comprehension of undergraduate and postgraduate scholars. For assaying similar data, data for the study has been gathered through primary and secondary sources. To put it in a nutshell, it may be stated from the given analysis that inflation has gained brume in India and is on the rise and scholars do have savings in their bank accounts. The explanation for this design is to understand how to alert scholars to save the most and spend only on necessities. The focus of this exploration design is to analyze whether spending habits of scholars are high or low due to inflation. Effective fiscal operation strategies are important for all members of society, including council scholars. exploration shows that scholars' fiscal operation chops are critical to their overall behavior.