Question:
Sharon Parsons, president of Gourmet Box Mini Pizza, has asked for your assistance in developing a model that predicts the demand for the new snack lunch pizza named Pizza1. This product competes in a market with three other brands that are named B2, B3, and B4 for identification. At present the products are sold by three major
distribution chains, identified as 1, 2, and 3. These three chains have different market sizes, and, thus, sales for each distributor are likely to be different. The data file Market contains weekly data collected over the past 52 weeks from the three
distribution chains. The variables in the data file are defined next. Use multiple regression to develop a model that predicts the quantity of Pizza1 sold per week by each distributor. The model should contain only important predictor variables.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Distributor Numerical identifier of the distributor 1,2, or 3 Weeknum Sales Pizzal Price Pizzal Promotion Sequential number of the week in which data were collected Number of units of Pizzal sold by the distributor during the Retail price for Pizzal charged by the distributor during that week Level of promotion for the week, designated as 0, no promotion; 1, television ad; 2, stone display; 3, both television and store display Number of units of brand 2 sold by the distributor during the week Retail price for brand 2 charged by the distributor during that Number of units of brand 3 sold by the distributor during the week Retail price for brand 3 charged by the distributor during that week Number of units of brand 4 sold by the distributor during the Retail price of brand 4 charged by the distributor during that w week Sales B2 Price B2 Sales B3 Price B3 week Sales B4 week Price B4 eek