You are trying to determine the effects of three packaging displays (A, B, and C) on sales
Question:
You are trying to determine the effects of three packaging displays (A, B, and C) on sales of toothpaste.
The file P16_59.xlsx contains the number of cases of toothpaste sold for nine consecutive weeks. The type of store (GR grocery, DI discount, and DE
department store) and the store location (U urban, S suburban, and R rural) are also listed.
a. Run a multiple regression to determine how the type of store, display, and store location influence sales. Which potential explanatory variables should be included in the equation? Be sure to explain your rationale for including or excluding variables.
b. What type of store, store location, and display appears to maximize sales?
Step by Step Answer:
Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright