Question: evidence ) . Context - Imagine that you've started your own management consulting company, and you have a client from London who is a bike
evidence
ContextImagine that you've started your own management consulting company, and you have a client from London who is a bikesharing company. Their business as you can say intuitively, highly relies on the number of bikes demanded, and their ability to meet the demand. To this end, to minimize the possibility of losing customers for bikes being not available at the time of demand, while avoiding the possibility of maintaining unnecessary large number of bikes and the associated maintenance costs, they need predictions on the demand of bikes. The company have been observing that the demand is very much correlated with the weather conditions. They are providing you with a dataset of the number of bikes in onehour time intervals between and along with weather conditions.
InstructionsPlease utilize the London bikesharing dataset to predict the number of bikes for the bikesharing company. To be explicitly clear, you must use at minimum variables to make your prediction. The more work you put into this take home ie variables, justification, interpretation the higher your exam score will be I reserve the right to award extra credit to those who go above and beyond.
Please provide the list of variables you included in your regression.
Format them as:
Variable
Variable
etc.
Please provide your reasoning for why you included these variables. Please provide a reason for each individual variable.
Format them as:
Variable The reason I believe variable one has an impact on our predicted variable is because....
Variable Theory for why variable has an impact on final grades. etc.
Provide whether your regression is significant, and your coefficients are significant. Interpret the measure of variation explained.
Example:
My regression is significant at the level
Variable is significant at level
Variable is significant at level
etc. all variables
Provide an explanation of the measure of variation explained here.
You are presenting your findings to the board of the bikesharing company. Is there anything you can tell them about the most influencing factors on the bike demands? Is there anything concerning from your results? How can you use confidence intervals of your results to explain your findings for the bikesharing company board members?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
