The Scenario: Congratulations. You have just inherited your uncle's business, which is a clothing store. Although the business was successful, your uncle was a "seat of the pants" type of businessman. There was never any sales analysis conducted concerning, e.g. determining the effectiveness of promotional policies. You intend to analyze past sales data to gain insight into the business operations. On BB, under the folder Term Project, you are going to find PROJDATA.XLSX file. The data in this file corresponds to a random sample of 100 sales transactions that took place over the previous year. Because all transactions took place during the previous year and all transactions took place on Saturdays, on non-holiday weekends, you are confident that seasonal and cyclical effects are absent from the data. The Analysis: Based on this sample, you seek to answer the following questions: 4. Can multiple regression be used to “profile" a sale and determine whether a customer is spending more or less than anticipated, ie, to predict the amount of a sale given the profile of a sale? a) To answer this question, conduct a regression analysis. b) How does the regression analysis support (or not support) your answers to part 1-4 above? What to do? Apply the statistical tools that you have learned in class, to the above question using Microsoft Excel
The Scenario: Congratulations. You have just inherited your uncle's business, which is a clothing store. Although the business was successful, your uncle was a "seat of the pants" type of businessman. There was never any sales analysis conducted concerning, e.g. determining the effectiveness of promotional policies. You intend to analyze past sales data to gain insight into the business operations. On BB, under the folder Term Project, you are going to find PROJDATA.XLSX file. The data in this file corresponds to a random sample of 100 sales transactions that took place over the previous year. Because all transactions took place during the previous year and all transactions took place on Saturdays, on non-holiday weekends, you are confident that seasonal and cyclical effects are absent from the data. The Analysis: Based on this sample, you seek to answer the following questions: 4. Can multiple regression be used to “profile" a sale and determine whether a customer is spending more or less than anticipated, ie, to predict the amount of a sale given the profile of a sale? a) To answer this question, conduct a regression analysis. b) How does the regression analysis support (or not support) your answers to part 1-4 above? What to do? Apply the statistical tools that you have learned in class, to the above question using Microsoft Excel
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transaction ID | Sale Amount | Gender | Payment Type | Promotion Type | Weeks After Advertisement |
1 | 50.8 | Female | Non-Credit | None | 2 |
2 | 93.5 | Male | Non-Credit | BOGO | 2 |
3 | 70.2 | Female | Non-Credit | BOGO | 1 |
4 | 36.3 | Female | Non-Credit | None | 0 |
5 | 71.5 | Female | Non-Credit | BOGO | 1 |
6 | 79.7 | Male | Credit | BOGO | 0 |
7 | 60.3 | Female | Credit | Coupon | 1 |
8 | 74.5 | Male | Credit | None | 0 |
9 | 86.4 | Female | Credit | BOGO | 0 |
10 | 20.6 | Male | Credit | None | 2 |
11 | 39.8 | Male | Credit | None | 2 |
12 | 67.4 | Male | Non-Credit | Coupon | 1 |
13 | 52.2 | Female | Non-Credit | Coupon | 2 |
14 | 99.9 | Female | Credit | None | 0 |
15 | 68.9 | Male | Non-Credit | Coupon | 1 |
16 | 74.5 | Male | Non-Credit | BOGO | 0 |
17 | 88.5 | Female | Non-Credit | None | 1 |
18 | 88 | Female | Non-Credit | BOGO | 1 |
19 | 64.6 | Female | Credit | Coupon | 1 |
20 | 55.8 | Female | Non-Credit | None | 2 |
21 | 73 | Male | Non-Credit | BOGO | 1 |
22 | 64 | Female | Credit | Coupon | 1 |
23 | 73.7 | Female | Credit | BOGO | 1 |
24 | 58.7 | Female | Credit | Coupon | 2 |
25 | 70.1 | Female | Non-Credit | Coupon | 2 |
26 | 78.7 | Female | Credit | Coupon | 0 |
27 | 85.1 | Female | Credit | BOGO | 0 |
28 | 66.3 | Male | Credit | Coupon | 1 |
29 | 62.8 | Male | Credit | BOGO | 1 |
30 | 75.4 | Female | Non-Credit | Coupon | 0 |
31 | 53.3 | Female | Non-Credit | BOGO | 2 |
32 | 65.2 | Female | Credit | Coupon | 1 |
33 | 59.2 | Male | Non-Credit | Coupon | 1 |
34 | 104.6 | Female | Non-Credit | Coupon | 2 |
35 | 67.3 | Female | Non-Credit | None | 1 |
36 | 51.5 | Male | Non-Credit | Coupon | 2 |
37 | 81.4 | Male | Non-Credit | Coupon | 0 |
38 | 49.6 | Female | Non-Credit | None | 1 |
39 | 62.3 | Female | Credit | Coupon | 1 |
40 | 54.8 | Male | Credit | Coupon | 2 |
41 | 63.4 | Male | Non-Credit | Coupon | 1 |
42 | 47.4 | Male | Credit | None | 1 |
43 | 65.9 | Male | Credit | Coupon | 1 |
44 | 42.2 | Female | Credit | None | 2 |
45 | 36.8 | Male | Non-Credit | None | 0 |
46 | 88.1 | Female | Non-Credit | BOGO | 1 |
47 | 57.8 | Male | Non-Credit | Coupon | 2 |
48 | 96.7 | Female | Credit | BOGO | 0 |
49 | 77 | Female | Non-Credit | Coupon | 0 |
50 | 93 | Female | Credit | BOGO | 0 |
51 | 70.5 | Female | Non-Credit | BOGO | 1 |
52 | 66.5 | Female | Non-Credit | Coupon | 1 |
53 | 84.4 | Male | Non-Credit | None | 0 |
54 | 27.6 | Male | Non-Credit | BOGO | 2 |
55 | 59 | Male | Non-Credit | Coupon | 2 |
56 | 49.1 | Male | Non-Credit | None | 1 |
57 | 54.4 | Female | Non-Credit | Coupon | 2 |
58 | 63.4 | Female | Credit | Coupon | 1 |
59 | 95.1 | Female | Non-Credit | BOGO | 0 |
60 | 69.3 | Female | Non-Credit | Coupon | 2 |
61 | 72.2 | Female | Credit | BOGO | 1 |
62 | 39.1 | Male | Credit | None | 0 |
63 | 69.4 | Female | Non-Credit | Coupon | 2 |
64 | 60.7 | Male | Non-Credit | Coupon | 1 |
65 | 65.2 | Female | Non-Credit | Coupon | 1 |
66 | 74.5 | Female | Credit | BOGO | 0 |
67 | 44.1 | Male | Non-Credit | BOGO | 2 |
68 | 83.1 | Female | Non-Credit | BOGO | 0 |
69 | 30.3 | Male | Credit | None | 2 |
70 | 49.8 | Male | Credit | None | 1 |
71 | 39.5 | Male | Non-Credit | None | 0 |
72 | 48.9 | Female | Credit | None | 1 |
73 | 70.8 | Male | Credit | BOGO | 1 |
74 | 78.5 | Male | Non-Credit | Coupon | 0 |
75 | 107.9 | Female | Non-Credit | BOGO | 0 |
76 | 101 | Female | Non-Credit | BOGO | 2 |
77 | 47.3 | Female | Non-Credit | None | 2 |
78 | 82 | Female | Non-Credit | BOGO | 0 |
79 | 110.6 | Female | Credit | BOGO | 0 |
80 | 73.7 | Female | Non-Credit | BOGO | 1 |
81 | 27 | Male | Credit | None | 2 |
82 | 68.9 | Female | Non-Credit | Coupon | 1 |
83 | 43.2 | Female | Credit | None | 2 |
84 | 61.5 | Male | Credit | Coupon | 1 |
85 | 59.5 | Male | Non-Credit | Coupon | 1 |
86 | 28.2 | Male | Non-Credit | None | 2 |
87 | 83.9 | Female | Non-Credit | BOGO | 0 |
88 | 50 | Male | Credit | None | 1 |
89 | 91.4 | Female | Non-Credit | BOGO | 0 |
90 | 55.8 | Female | Non-Credit | Coupon | 2 |
91 | 45.4 | Male | Non-Credit | None | 2 |
92 | 103.8 | Female | Credit | BOGO | 2 |
93 | 69.5 | Female | Credit | Coupon | 2 |
94 | 69.6 | Female | Non-Credit | Coupon | 2 |
95 | 72.9 | Male | Non-Credit | BOGO | 1 |
96 | 67.1 | Female | Credit | None | 1 |
97 | 53.8 | Male | Non-Credit | Coupon | 2 |
98 | 94.1 | Female | Credit | Coupon | 0 |
99 | 58.3 | Female | Non-Credit | Coupon | 2 |
100 | 86.4 | Female | Non-Credit | Coupon | 1 |
Please show excel procedure
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman