You are now the manager of your favorite grocery store. Your job is to improve the...

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You are now the manager of your favorite grocery store. Your job is to improve the...

You are now the manager of your favorite grocery store. Your job is to improve the store aesthetics and products to make sure that more shoppers come in to shop. You are asked to come up with a regression analysis to answer this question:

Come up with three relevant independent variables to capture “improve the store aesthetics and products”.

math Statistics-And-Probability

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Answer 1

Answer #1

The three independent variables that are most important might be

1.Assortment(Count of distinct products classified by categories or departments.)

2.Pricing (Average pricing rise/fall as compared to it's competitors)

3.Size of the store/Number of unique UPC's ( a cramped store caters to customers less effectively)

Some other factors may be Number of Self Checkout counters/ Waiting time(Average) etc.

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Answer 2

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