This website uses cookies to ensure you have the best experience. Learn more

Locating New Pam And Susan’s Stores

1233 words - 5 pages

Multiple Regression Project

Locating New Pam and Susan’s Stores


Pam and Susan’s department stores are in the process of opening a new business unit. There are two locations that are being considered for the new store and decision is based upon estimates of sales for both of them. My job is to use data gathered from each store as well census data in store’s trading zones to predict sales at both of the sites that are being consider for their newest store.

We have data out of 250 stores. The data include demographics, economics, sales of the stores, compositions of those sales as well as sales behavior per households. There are 31 variables being consider for ...view middle of the document...

59996 |
%inc10-14 0.61405 |
%inc0-10 0.61505 |
%freezer -0.63945 |
%dryers -0.65733 |
%owners -0.68985 |
%nocars 0.70094 |

To obtain the regressing output table for sales, I used those 10 variables, sales, comptype1, comptype2 and comptype7. Seven models were created in order to obtain the model in which all-remaining variables are statistically significant and the final equation to predict sales is as follow:
Sales (in $ 1000s)= 16,020.78118 + 149.15175 * %spanishsp – 44.16538 * %dryers – 112.48017 * %freezer – 79.84655 * %sch0-8 + 9,393.82229 * comtype1 + 3,802.26442 * comtype2 – 3,123.24462 * comtype7

Regression Statistics |
R | 0.86485 | | |
R-square | 0.74797 | | |
Adjusted R-square | 0.74068 | | |
S | 2,776.51435 | | |
N | 250 | | |
| | | |
  | Coefficient | Standard Error | t Stat | p-level |
Intercept | 16,020.78118 | 1,157.29255 | 13.84333 | 0. |
%spanishsp | 149.15175 | 55.74166 | 2.67577 | 0.00796 |
%dryers | -44.16538 | 16.10174 | -2.74289 | 0.00655 |
%freezer | -112.48017 | 39.36158 | -2.85761 | 0.00464 |
%sch0-8 | -79.84655 | 30.30416 | -2.63484 | 0.00896 |
comtype1 | 9,393.82229 | 862.77706 | 10.88789 | 0. |
comtype2 | 3,802.26442 | 518.76015 | 7.32952 | 3.4437E-12 |
comtype7 | -3,123.24462 | 562.54923 | -5.55195 | 7.41169E-8 |

Question 1
After reviewing the regression equation and statistics, there is a high % of Spanish Speaking population, low % of people with dryers and freezers and sales are high in locations with a lower competitive type and with high population. Higher sales are in densely populated areas with relatively little direct competition and lower sales are in stores located along the sides of major roads as we can see on comtype 7.

Question 2
The planning department created a competitive type classification for potential sites that range from 1 to 7. Only three comptypes were considered for the regression models as per instructed for the project along with sales and the 10 variables with the highest correlation with sales.
comtype1 | 9,393.82229 |
comtype2 | 3,802.26442 |
comtype7 | -3,123.24462 |

All comptypes are highly significant according to the t-test of significance of regression coefficient. Expected sales decrease as the value of the competitive type increase.

Question 3
  | Coefficient | A | B | PREDICT A | PREDICT B |
Intercept | 16,020.78118 | 1 | 1 | 16020.78118 | 16020.78118 |
%spanishsp | 149.15175 | 10.8 | 6.6 | 1610.8389 | 984.40155 |
%dryers | -44.16538 | 9 | 12.2 | -397.48842 | -538.817636 |
%freezer | -112.48017 | 6.1 | 5 | -686.129037 | -562.40085 |
%sch0-8 | -79.84655 | 37.4 | 40.1 | -2986.26097 | -3201.846655 |
comtype1 | 9,393.82229 | 1 | 0 | 9393.82229 | 0 |
comtype2 | 3,802.26442 | 0 | 0 | 0 | 0 |
comtype7 | -3,123.24462 | 0 | 0 | 0 | 0 |

Other Papers Like Locating New Pam and Susan’s Stores

Kudler Foods Essay

1018 words - 5 pages shipping for a hundred dollars or more. Kudler Fine Foods would profit from this because no other grocery chain offers this deal. Catering would not be an option, because the stores are in California and no other state. [Insightful analysis] Competitive Intelligence Competitive Intelligence is acquiring prices from local competitors to maintain a profit and locating new items other stores do not have. Each company is unique with product

Consensual Relationship Agreement Essay

1779 words - 8 pages time to communicate how these principles served as the basis for their decisions (Shaw) . . Sometimes employees are close friends with other employees and their families, for example, Charles and Susan are colleagues, Charles and Susan’s family have been close friends for years and often vacation together; Charles and Susan’s husband are also fishing buddies... Susan starts dating the new guy hired to work in the mail room, because the

Community and Family Studies

2769 words - 12 pages is now in triage where the best nurses work. Jack then replies “Not many Men in your profession Greg”. This shows that Jack is critically insulting Greg’s profession and showing his Authoritarian parenting by not praising Greg and Pam instead insulting Greg about his Profession. This shows no Praise for positive behaviour. In Scene 3 Jack shows his new invention called the ‘Nanny Camera’. Jack states “How do you really know for certain your loved

Breast Cancer

926 words - 4 pages tumor is a group of cancer cells that can invade the surrounding tissues or spread to distant areas of the body” (American Cancer Society, 2014). Breast cancer is the second leading cause of cancer death in women, the first being lung cancer. “In the United States over 182,000 new cases of invasive breast cancer and over 67,000 cases of in situ breast cancer are diagnosed annually” (Lewis, 2011 pg. 1311). Those numbers include almost 41,000


2669 words - 11 pages All of the following are key sources of Army transportation hazards EXCEPT: * Air operations * Port operations * Rail operations * POV operations What document mandates the integration of composite risk management into the unit safety and occupational health program? * AR 385-10 * FM 5-19 * DA Pam 385-40 * DA Pam 385-90 What key resource(s) are available to commanders for assistance with loss prevention? * Sexual

Citizen Kane Analysis

936 words - 4 pages In his renowned film Citizen Kane, director, writer, actor, and producer Orson Welles employs an innovative use of shadows, darkness, and angles to portray hidden emotions and thought provoking social commentary; setting a precedent for all films to come. This movie, called the “father” of film noir, employs an ingenious use of lighting and focus to create new depths that add to the characters, drawing our attention to details

Analyzing Managerial Decisions: Setting Tuition And Financial Aid

898 words - 4 pages reduction in tuition and fees was not attractive to the students. Susan Hansen, Admissions Director, at a liberal arts college in the East gave a recommendation to increase tuition and reduce financial aid to students in order to increase enrollment. Susan projects the increase in tuition and the decrease in financial aid will solve the school’s financial problems. Last year, the college enrolled 400 new students who each paid an effective

: Teabox – Running Tuck Shops In Hong Kong Schools

1557 words - 7 pages Introduction The aim of this report of the ‘TeaBox – Running tuck shops in Hong Kong schools (A)’ case study (Au and Tsoi, 2009) is to summarise the reasons behind the appalling performance of a new tuck shop enterprise(TeaBox) in Hong Kong and state some alternative actions that could have prevented the current situation. Additionally, it will be examined how Alfred Ku, the superintendent of TeaBox, can fix some of the problematic areas of

Nature Trail

674 words - 3 pages My evaluation of the Madisonville Community College Nature Trail turned out very well. However, getting the information of the trail was fairly hard. I ask 5 people about the trail and only two of the five people I ask, new about the trail. Also, I couldn’t find anything about online. Well, I got all my information together and walked the trail. I was rather disappointed with it. The common knowledge, location, safety, and the condition of the


2577 words - 11 pages inadequate response and recovery efforts. Many of the barriers and hurdles met during Hurricane Katrina may have been sidestepped if the training simulation “Hurricane Pam” would have been completed in 2004. The fictional tool was a weeklong scenario that was intended to help prepare New Orleans for a category 4 hurricane. With over 50 officials from state, local government, volunteer, and federal organizations participating, regrettably FEMA pulled

Asda Walmart Essay

1617 words - 7 pages unlimited access to the relatively rich UK’s market with 55,000,000 potential customers, which has enabled the company to increase its market share so increasing its profitability and sustaining its growth. Also, the acquisition has opened the company new opportunities for its further expansion, in period of five years after the takeover the company has opened additional 30 stores and 19 depots. (OU case study for B200 TMA 07, 2005 pg. 55

Related Essays

Intel: Strategic Decisions In Locating A New Assembly And Test Plant

727 words - 3 pages offers many opportunities to do business internationally. As a consequence, it will be easier for the company to expand its market and to gain many other business partners all over the world. Another important point is the supply of resources. If the supply of resources in the selected location is insufficient the company has to expect a loss of profit. Closely related to the supply of resources Intel should locate its new plant in a country with

Global And China Polyacrylamide Industry Research Report 2014

598 words - 3 pages Sep 5, 2014 : Bharat Book Bureau presents the new report, on "Global and China Polyacrylamide Industry Research Report 2014”, international market analysis, China domestic market analysis, Macroeconomic environment and economic situation analysis and influence, PAM industry policy and plan. Summary Global and China Polyacrylamide Industry Research Report 2014 was professional and depth research report on Global and China PAM industry. The

Doc Susie Essay

1232 words - 5 pages circumstances, Susan’s dad and mom divorced, resulting in Susan moving with her brother and father to Wichita. They homesteaded there, but heard the call of the gold rush and ended up in the mining town of Cripple Creek, Colorado. Susan was a fine student, and ended up going to school with her brother in the Midwest to eventually become a doctor. At the time, female doctors were not that rare. In the late 1800’s doctor’s wages were relatively

Compare And Contrast Essay

808 words - 4 pages While suicide is frequently preceded by social isolation (Potter and Perry 358), in Doris Lessing’s “To Room 19” and Willa Cather’s “Paul’s Case,” both protagonists choose to commit suicide after isolating themselves socially from their worlds. More directly, Lessing’s protagonist Susan’s mental health severely declines after discovering her husband’s infidelity.  When the freedom she finds amongst her mental chaos is challenged, she sees no