Question

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 these questions.

1.) If you were to run a normal regression analysis, what would your dependent variable be?

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

3.) Write down the 3 hypotheses that you would generate with the ONE dependent variable and 3 independent variable.

H1:

H2:

H3:

4.) If you were to run a logistic regression analysis, what would your dependent variable be? What would the 1, 0 indicate?

5.) What are the differences between how you would interpret the normal regression and logistic regression when it comes down to (i) fit of the model, (ii) results of the regression (IV)

Answer 1