Find linear regression model

Assignment Help Business Management
Reference no: EM132922148

Below is a dataset on household purchase behavior for a particular coffee brand for two consecutive months. The data has been normalized to the extent that each purchase instance is for one packet of a standard coffee size.

Dataset on Buying Coffee
Household Income
# of Members of Household
Zip Code
Month 1 purchase behavior (1: Yes, 0: No)
Month 2 purchase behavior (1: Yes, 0: No)

-Specify a logistic regression model (i.e. articulate what the dependent and independent variables are) that captures a household's coffee purchase behavior. Explain why your model is reasonable. What additional data might you need to develop a better model?

-How would you convert this model into a linear regression model while preserving the original objective of understanding coffee purchase behavior?

Reference no: EM132922148

Questions Cloud

Determine the proceeds of the note : On January 26, Elegant Co. borrowed cash from Conrad Bank by issuing a 30-day note with a face amount of $91,200. Determine the proceeds of the note
Find a banner advertisement : Find a banner advertisement from a popular brand online and click on it. Where does it take you? Now compare that landing page to the company's direct URL. Expl
Csu widget factory : Upper management at the CSU Widget Factory does not understand why they have any liability when it comes to workplace violence.
Calculate the expected cash collections for may : Each month's credit sales are collected 60% in the month of sale and 40% in the month following the sale. Calculate the expected cash collections for May
Find linear regression model : Below is a dataset on household purchase behavior for a particular coffee brand for two consecutive months. The data has been normalized to the extent that each
Determine the price at which builders is selling equipment : Determine the price at which Builders is "selling" the equipment (present value of the lease payments) at June 30, 2021
What can you say about the impacts on the problem : What are your overall conclusions vis-a-vis solving, or at least mitigating the problem? What would you tell the mayor of the community to do
Louis armstrong west end blues : After having listened to Louis Armstrong's "West End Blues" on your own and with the Voice Thread lectures, write a short analysis of the recording.
Specific thoughts-observations and experiences : Share with the class some of your specific thoughts, observations, and experiences as both a writer and student in this course

Reviews

Write a Review

Business Management Questions & Answers

  Create strategic plan-global and international issues

Create a strategic plan for your chosen company Revlon Inc for the Individual Case Study. Global and International Issues"

  Post the definitions of import and export and give examples

post the definitions of import and export and give examples of a chosen company and product for 1 import and 1 export item. Advocate either buying imports or buying domestically for retailing the item.

  Direct effects of brexit on patterns of trade

June 2016, Britain voted in a referendum to exit from the European Union (this has been termed "Brexit"). Since then, disagreement over the terms have stalled

  Discuss a first-hand account of a workplace conflict

Discuss a first-hand account of a workplace conflict you experienced or observed

  Many organizations adopt targeted recruitment strategy

Many organizations adopt a targeted recruitment strategy. For example, some organizations have targeted workers 50 and older in their recruitment efforts,

  Standard deviations for control purposes

a. What is the sample size (n) for this problem? Is it 100, 500, or 1000? Explain the significance of the 100 days used to determine the average proportion defective. b. Calculate the CL, UCL, and LCL, using three standard deviations for control pu..

  Do you think these attributes are critical for successful

Do you think these attributes are critical for successful leadership? Why or why not?

  Community of stakeholders impacting and influencing project

As the appointed project manager, using a process flow diagram, illustrate and discuss how you and your project team would develop an aggressive communication

  Create a diversity-inclusion perspective essay

Your perspective about what organizational/individual competencies will be the most valuable in the next 2-3 years. You should incorporate some of the concepts that you have learned via the reading and/or in class.

  Why samsung galaxy note 8 had a battery failure

Explain why Samsung Galaxy note 8 had a battery failure? How to improve the operation management inside the organization?

  What organizational model or structure would you select

Evaluate the paradigm shift from pre-modern (industrial) to this postmodern organizational perspective to identify any current ideas applicable to the Starbuck's case study in shifting from a task-oriented perceived culture to a people oriented cu..

  Foreign exchange market and an international market

Compare and contrast the Foreign Exchange Market and an international market. Determine an advantage and disadvantage for each.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd