Simple Regression Analysis and Multiple Regression Analysis (Case Study Questions)

Questions

1. What is this case about?
2. Why does the CEO want to increase store-level employee retention?
3. What is the goal of the analysis done by Sarah Jenkins?

Now, use the data “Store24(A)_student.xlsl” to perform regression analysis.
How to run regression in excel (Links to an external site.) – Duration: 4:49
Simple regression:
Run the simple regression with “Profit” as a dependent variable and “MTenure” as an independent variable.

4. Is manager tenure significant driver of store profit? How do you know it? How can you interpret the result of the regression?

Run the simple regression with “Profit as a dependent variable and “CTenure” as an independent variable.

5. Is crew tenure significant drivers of store profit? How do you know it? How can you interpret the result of the regression?

Multiple regression:
Run the multiple regression with “Profit” as a dependent variable and the following independent variables: MTenure & CTenure.

6. Are both tenures significant drivers of profit? How do you know it? How can you interpret the result of the regression?

Now, run the multiple regression with “Profit” as a dependent variable and the following independent variables: MTenure, CTenure, Pop, Comp, Visibility, PedCount, Res, and Hours24.

7. Are both tenures significant drivers of profit? How do you know it? How can you interpret the result of the regression?
8. Is there any difference in 6 and 7? What causes this difference?