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In my data analysis project, I will evaluate the effect of gender, age, and distance on customer spending at a supermarket using ANOVA. Additionally, I
In my data analysis project, I will evaluate the effect of gender, age, and distance on customer spending at a supermarket using ANOVA. Additionally, I will investigate the potential correlation between purchases of basic and premium goods and sales transactions using regression. The variables and their ranges are as follows:
- Response Variable: Sales per visit (Range: 9.20-93.65)
- Factors: Gender (male, female), Distance (3.70-12.60), Age (12-98)
- Other Variables: Basic sales (Range: 0-49.07), Premium Sales (Range: 0-50.66)
Challenges:
- One of the main challenges in this project is categorizing age and distance. As these variables are continuous, I will need to create categories or levels for them to run ANOVA. The number of the levels may be a challenge and will require careful consideration. I don't know how to do it properly.
- Another and probable most important challenge is the high variance in the data, which may violate the two basic assumptions of ANOVA: normality of residuals and homoscedasticity. To address this, I will explore techniques such as data transformation or reduction to determine if these challenges can be resolved. But they have not been resolved yet.
- Similar challenges, which violated basic assumptions of the model, are also present in the regression analysis.
I welcome any feedback or suggestions to improve my project and overcome these challenges. Please feel free to ask for more information if needed.
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