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Statistical Analysis.edited

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Subject

Statistics

School

University Of California Los Angeles

Type

Homework

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OryyOregvr

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STATISTICAL ANALYSIS

Statistical analysis

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Institution

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STATISTICAL ANALYSIS

The objective of the report is to give an analysis of the data and determine the

effectiveness of the new Pastas R US.inc's loyalty card program. Analysis of real data

provides an insight into the business trend. For a company to determine whether the

sales are increasing or not and the factors that contribute to either of the cases, proper

statistical analysis is required. Additionally, analysis enhances the ability to pinpoint

precise areas of improvement or those offering opportunities. This analysis takes a

deeper look at the company's data to help discover such areas (Smith, 2020). The

statistical analysis will help provide the perfect way to improve the expansion criteria.

This will provide opportunities for the organization to make more sales per annum.

Moreover, it will also help support vital decisions to be made by the management on

the business's progress and expansion. Facets such as annual sales per square feet will

significantly provide insight on areas offering the best opportunity.

The current data contains various attributes essential for this analysis. These

include the square feet, sales per person, percentage sales growth over the previous

year, percentage loyalty card sales, annual sales per square feet, median income,

median age, and percentage of a bachelor's degree in a 3-mile radius. All the data has

been collected on all the seventy-four restaurants owned by Pastas R Us, inc. One of

the emphasized variables was the percentage of loyalty card sales and the annual sales

per square feet. Additionally, the regression analysis and scatter plots for the variables

pairs, BachDeg% versus Sales/SqFt, MedIncome versus Sales/SqFt, MedAge versus

Sales/SqFt, LoyaltyCard(%) versus sales growth(%) were created. Regression

analysis is a good study for the cause and effect in business. It offers a way to

determine the most effective and ineffective business activities.

The below regression graphs were obtained from the analysis of the respective data.

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1 STATISTICAL ANALYSIS Statistical analysis Student’s Name Institution STATISTICAL ANALYSIS 2 The objective of the report is to give an analysis of the data and determine the effectiveness of the new Pastas R US.inc's loyalty card program. Analysis of real data provides an insight into the business trend. For a company to determine whether the sales are increasing or not and the factors that contribute to either of the cases, proper statistical analysis is required. Additionally, analysis enhances the ability to pinpoint precise areas of improvement or those offering opportunities. This analysis takes a deeper look at the company's data to help discover such areas (Smith, 2020). The statistical analysis will help provide the perfect way to improve the expansion criteria. This will provide opportunities for the organization to make more sales per annum. Moreover, it will also help support vital decisions to be made by the management on the business's progress and expansion. Facets such as annual sales per square feet will significantly provide insight on areas offering the best opportunity. The current data contains various attributes essential for this analysis. These include the square feet, sales per person, percentage sales growth over the previous year, percentage loyalty card sales, annual sales per square feet, median income, median age, and percentage of a bachelor's degree in a 3-mile radius. All the data has been collected on all the seventy-four restaurants ...
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Tags: Statistical analysis Statistical Methods Operational Data Pastas R Us marketing strategies