Question: write Recommendations for Similarities and Differences in the data set A screenshot of a computer Description automatically generated Figure 1 . 1 : Top 1

write Recommendations for Similarities and Differences in the data set
A screenshot of a computer
Description automatically generated
Figure 1.1: Top 10 and lowest 10 performers
Before we delve into the multiple regression models to understand the relationships each variable has on Store24 performances, we provide an extensive view of the data gathered by Hart on the top-performing stores versus the lower-performing stores in 2000. In addition to Harts explication of the top ten most profitable stores the managers and crew tenure was almost four times the level of manager and crew tenure in the least profitable stores. Figure 1.1 highlights a few distinctions between the top-performing stores and the least profitable stores these included that lower-performing stores had almost double to competition with lower visibility ratings than that of higher-performing stores. Furthermore, there is a huge gap in the population as the higher-performing store's population excessively exceeded those of the lower-performing stores. While Harts analysis may be a significant factor in explaining the difference in performance in these stores; the variables highlighted in Figure 1.1 also describe why there may be a significant difference in the performance. In contrast to the differences highlighted in Figure 1.1, we were able to identify a few similarities such as stores operating in areas with smaller populations have a higher manager tenure than stores within higher populated areas.
Even though the analysis thus far has provided valuable information, there are still numerous questions that need to be answered, as such multiple regression models were conducted to understand the different variables affecting the performance of each store from the data provided by Jenkins.
Regression Model 1
Our main priority is to define the relationship between the store's financial performance and employee tenure, which will signify the importance of implementing mechanisms to improve employee retention. The first regression model illustrated in Figure 1.2 showcases the relationship between store profits and employee tenure. In this

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 General Management Questions!