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MIS171 Business Analytics

tag 0 Download 3 Pages / 583 Words tag 11-05-2021
  • Course Code: MIS171
  • University: Deakin University
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  • Country: Australia

Questions:

In order to prepare a reply to Emily’s email, you will need to examine and analyse the datasets thoroughly.

In particular, you should at least consider following questions:

a) Which independent variable has the strongest linear relationship with sales

b) Is your multiple regression model significant overall?

c) If so, which variables do not help you in modelling the dependent variable?

d) Once you’ve built your final model, are there any potential multi-collinearity problems? If so, which variables are they? (If there are collinearity problems between the independent measures, you should firstly remove the variable that has the “least correlation” with the dependent measure, then run the model and assess again).
 
e) How well does the model explain sales (use R2 in your explanation)?
 
f) What would be the sales for a five year old store with 50 staff and 50 car spaces that is open for 100 hours per week including Sunday, managed by a 35 year old female manager with five years of experience, that pays $2.5 million on wages, spends $150,000 on advertising, reports $1million gross profit, with two competitor stores?
 
[Note, only use the values that you have found to be significant (α set at 0.05) contributors to the behaviour of the dependent measure].
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My Assignment Help. Business Analytics [Internet]. My Assignment Help. 2021 [cited 27 September 2022]. Available from: https://myassignmenthelp.com/free-samples/mis171-business-analytics/independent-variables.html.


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