BUS 660 Grand Canyon Week 3 Complete Work
BUS 660 Grand Canyon Week 3 Discussion 1
Identify two business situations or problems within your current organization or industry. Articulate how one of these lends itself to a simple linear regression and how one does not. Why is simple linear regression appropriate to address one situation or problem but not the other? Support your ideas with evidence from the readings.
BUS 660 Grand Canyon Week 3 Discussion 2
You are the vice president of sales for TerraFirma, a company that manufactures outdoor sporting gear. You receive a report on your desk one morning that claims little or no relationship between the University of Michigan Consumer Sentiment Index (CSI) and outdoor sporting gear sales. The claim is based on a very low R2 of the simple regression model, using these two variables (CSI and sales). Discuss how you would (or should) react to this report and why. What clarifying questions might you ask?
BUS 660 Grand Canyon Week 3 Assignment
Simple Regression Models Case Study: Mystery Shoppers
Review "Simple Regression Models Case Study: Mystery Shoppers" for this topic's case study, a request to evaluate consignment stores from mystery shopper data.
Based on the information presented in the case study, create a regression model to determine the most appropriate recommendation.
Prepare a 250-500-word response to Mrs. Turner's questions about predicting BUS 660 Grand Canyon Week 3 Complete Work final scores, statistical significance, and whether a store location should be closed based on the data provided. Explain your approach and the rationale for this method. Evaluate the outcomes of your regression model and the responses to Mrs. Turner's questions.
Submit a copy of the Excel spreadsheet file you used to design your regression model and to determine statistical significance. Note: Students should use Excel's regression option to perform the regression.
Use an Excel spreadsheet file for the calculations and explanations. Cells should contain the formulas (i.e., if a formula was used to calculate the entry in that BUS 660 GCU cell).
Mac users can use StatPlus:mac LE, free of charge, from AnalystSoft.
StatPlus:mac LE can be used with Excel 2011 to perform statistical functions.
Go to the AnalystSoft Web site and follow the installation instructions:.analystsoft.com/en/products/statplusmacle/">http://www.analystsoft.com/en/products/statplusmacle/
Once installed, Apple users can use StatPlus:mac LE to complete homework problems that require the use of Excel's data analysis statistical functions.
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