The owner of Pizza Corner, Bangalore would like to build a regression model consisting of 6...
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The owner of Pizza Corner, Bangalore would like to build a regression model consisting of 6 factors, to predict the sales of pizza. Data for the past 15 months on sales and 6 different factors were collected for the purpose. For the given output, a. Discuss about the overall significance of the test b. Calculate R-square from the table given and interpret it. ANOVA a Model 1 Regression Residual Sum of Squares df 6324.619 328.715 6653.333 Mean Square F 6 1054.103 25.654 8 41.089 Sig. .000 Total 14 a. Dependent Variable: Monthly Sales in '000 rupees b. Predictors: (Constant), Number of existing customers., Competitors activities index., Varieties of Pizzas., Number of delivery boys., Number of outlets., Cost of advertisement in Rs. 000's. The owner of Pizza Corner, Bangalore would like to build a regression model consisting of 6 factors, to predict the sales of pizza. Data for the past 15 months on sales and 6 different factors were collected for the purpose. For the given output, a. Discuss about the overall significance of the test b. Calculate R-square from the table given and interpret it. ANOVA a Model 1 Regression Residual Sum of Squares df 6324.619 328.715 6653.333 Mean Square F 6 1054.103 25.654 8 41.089 Sig. .000 Total 14 a. Dependent Variable: Monthly Sales in '000 rupees b. Predictors: (Constant), Number of existing customers., Competitors activities index., Varieties of Pizzas., Number of delivery boys., Number of outlets., Cost of advertisement in Rs. 000's.
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Part a The significance value reached is less than 0001 which indicates that the model in g... View the full answer
Related Book For
Spreadsheet Modeling and Decision Analysis A Practical Introduction to Business Analytics
ISBN: 978-1305947412
8th edition
Authors: Cliff T. Ragsdale
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