Shoplifting (shrinkage) is an ongoing problem in the retail industry. In an attempt to quantify the variables that describe shrinkage, your organization has collected data from one of its stores in Longmont, Colorado. Build a multiple linear regression model containing the variables that your analysis deems most critical for describing shrinkage in this store. Be sure to address the major indicators of variable inclusion in your model, describe, with units, the coefficients of the model. Discuss any variables that could be added to the model to enhance its explanatory power.

Number of Average Sales Month Temperature Transactions Holiday Employees Shoplifting Loss 58.8 7,107 1 129 3,067 2 65.2 6,373 141 2,828 3 70.9 6,796 153 2,891 77.4 9,208 166 2,994 79.3 14,792 193 3,082 81 14,564 189 CO CO - O OI A 3,898 71.9 11,964 175 3,502 63.9 13,526 186 3,060 54.5 12,656 190 3,211 10 39.5 14,119 187 3,286 11 44.5 16,691 195 3,542 12 43.6 14,571 206 3,125 13 56 13,619 198 3,022 14 64.7 14,575 192 2,922 15 73 14,556 191 3,950 16 78.9 18,573 200 4,488 17 79.4 15,618 200 3,295