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Imagine that Casey Hardware is considering moving forward with one of the following three locations as described in Table 3 of the Week 7 Assignment
Imagine that Casey Hardware is considering moving forward with one of the following three locations as described in Table 3 of the Week 7 Assignment Excel Template.
Table 3 - Store Data | ||||
Store # | Sales ($000s) | Size (000s sq ft) | Number of Product Lines | Distance (mi) |
AA | 250 | 3.0 | 125 | 0.6 |
BB | 125 | 2.3 | 100 | 1.1 |
CC | 300 | 3.9 | 170 | 1.2 |
Perform the necessary calculations in Excel to determine the potential profitability of each of the three locations under consideration based on your multiple regression analysis results from PART B.
- Paste your regression equation into the designated area in the Week 7 Assignment Excel Template tab Part C. Use the equation and the data from Table 3 to complete Table 4 - Profitability Calculator. The last column, Overall Projected Profits, should be calculated using the equation.
- Identify the location where Casey Hardware should open their next store and explain why in one sentence.
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