How can startbucks company use multiple regression? Please provide an example and identify dependent and independent variables.
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How can startbucks company use multiple regression? Please provide an example and identify dependent and independent variables.
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- The owner of a restaurant in Bloomington, Indiana, has recorded sales data for the past 19 years. He has also recorded data on potentially relevant variables. The data are listed in the file P13_17.xlsx. a. Estimate a simple regression equation involving annual sales (the dependent variable) and the size of the population residing within 10 miles of the restaurant (the explanatory variable). Interpret R-square for this regression. b. Add another explanatory variableannual advertising expendituresto the regression equation in part a. Estimate and interpret this expanded equation. How does the R-square value for this multiple regression equation compare to that of the simple regression equation estimated in part a? Explain any difference between the two R-square values. How can you use the adjusted R-squares for a comparison of the two equations? c. Add one more explanatory variable to the multiple regression equation estimated in part b. In particular, estimate and interpret the coefficients of a multiple regression equation that includes the previous years advertising expenditure. How does the inclusion of this third explanatory variable affect the R-square, compared to the corresponding values for the equation of part b? Explain any changes in this value. What does the adjusted R-square for the new equation tell you?. What are the advantages and disadvantages of Regression Model, Econometric Model, Driving Indicator Models?Differentiate between Regression and Correlation Analysis?
- How do organizations use linear regression. Also can you provide some examples.what is the standardized regression? what do the standardized regression weights or coefficients tell us about the ability of the predictors to predict the dependent variable?What is Regression? Explain Logistic Regression?
- a) Using the trend-projection (regression) method, develop a forecastfor the sales of Volkswagen Beetles in Nevada through year 6.b) What is the MAD?~c) What is the MSE?What is the first-order smoothing and trend adjusted smoothing?Discuss how the advantages of using simple regression could benefit the organization.
