Question: Recently you worked on a linear regression case described in Chapter 8 of the Matthew North book/pdf. Before working on this question, please also read
Recently you worked on a linear regression case described in Chapter 8 of the Matthew North book/pdf. Before working on this question, please also read the case in Chapter 9 on logistic regression.
As the director of sales and marketing at a major retail store, Jane has been conducting direct marketing campaigns by sending emails containing discount coupons and other offers to the company's existing and likely future customers. His department has also placed ads on TV and popular online social media sites. As a result, her company has accumulated large amount of data on past many years of marketing campaigns, including whether each type of campaign was financially successful or not, the amount spent on each campaign, and the resulting revenue generated.
Jane is considering using past data to help her make campaign decisions for the upcoming year. You are the data analytics director in the company and she requested you to brainstorm with her on the right research questions and analytical techniques that would be suitable to address those questions.
Specifically, please formulate two research questions, and the appropriate analytical technique (linear or logistic regression) to answer each question.
(Q1-A) Write one research question - [10 points]:
(Q1-B) Would you use linear regression or logistic regression analysis to answer the above question? Please justify your answer -i.e., why the technique you recommended and why not the one you did not. - [10 points]:
(Q2-A) Write second research question: - [10 points]:
(Q2-B) Would you use linear regression or logistic regression analysis to answer the above question? Please justify your answer -i.e., why the technique you recommended and why not the one you did not. - [10 points]:
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