Skewness AND Kurtosis Essay Examples - Only The Best to Spark Your Inspiration!

Analysis of Activity Data Set of Restaurant Guest Counts

Introduction

The present paper discusses a business scenario under the background of business data collected to inform the managerial decisions for the purpose. As per the scenario, the decision maker being a manager of a small town café which enjoys robust guest inflow during the summer months and a small population from among the residents are visitors to the same during the off season is faced with staffing decision problems. The season typically starts around the Memorial Day each year. The café adjusts its staffing based on the guest count during ...

Abstract

Regression analysis is the statistical technique commonly used in econometric modeling and carrying out economic forecasts. This study sought to assess the precision multiple linear regression in evaluating the evolution in real GDP per capita in the USA between 1998 and 2011 using expenditure approach. Three macroeconomic variables were used; Gross domestic product, net investment and final consumption. Net investment and final consumption are model regressors predicting GDP. The researcher used MS Excel to carry out all the statistical analysis on the data. The analysis result shows weak linear development GDP increment. Small fluctuations were observed around the fitted ...