Question: 3. Your colleague ran a linear regression analysis to understand the effect of talabat vouchers on the ist visit on the total number of sessions

 3. Your colleague ran a linear regression analysis to understand the

effect of talabat vouchers on the ist visit on the total number

3. Your colleague ran a linear regression analysis to understand the effect of talabat vouchers on the ist visit on the total number of sessions (the training data was consolidated on a user level, with voucher = binary variable, with values 0/1 and target variable = total number of orders during the entire lifetime of each user). The results showed an R2 = 0.6 and the estimated coefficient for voucher was 5. He needs help interpreting these results and checks in with you before presenting the results to the shareholders. What would you advise

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!