Foodanddrinkregressionanalysis
Food Sales Regression Analysis-
From Greatest to least impact on Food Sales (with p value below or equal to .05)-
School Holidays, Spring, Karaoke, Fall, R&B, DJ
Memo
From my food sales regression analysis I was able to find which variables most positively and negatively affect our food sales. Karaoke music has the most positive influence on food sales compared with the other styles of music. Out of all the semesters, spring had the best impact on food sales. Also, it is shown that event during School Holidays have a greatly negative impact on food sales. I suggest that in order to maximize our food sales, we should have the majority of our events feature karaoke music, be during the spring semester, and shouldn’t be during school holidays.
Drink Sales Regression Analysis
From Greatest to least impact on Drink Sales( with p value below or equal to .05)-
School Holidays, Community Events, Spring, Karaoke, Fall, R&B
Memo
From my drink sales regression analysis I was able to find which variable most positively and negatively affect our food sales. Once again Karaoke and Spring have the greatest impacts on drink sales out of all the other types of music and other semesters. Also in the analysis, Community events and School Holidays had a huge negative impact on drink sales. So, I would suggest that we have as many events as possible featuring Karaoke music, during the spring semester, and also on dates that there are no school holidays or community
From Greatest to least impact on Food Sales (with p value below or equal to .05)-
School Holidays, Spring, Karaoke, Fall, R&B, DJ
Memo
From my food sales regression analysis I was able to find which variables most positively and negatively affect our food sales. Karaoke music has the most positive influence on food sales compared with the other styles of music. Out of all the semesters, spring had the best impact on food sales. Also, it is shown that event during School Holidays have a greatly negative impact on food sales. I suggest that in order to maximize our food sales, we should have the majority of our events feature karaoke music, be during the spring semester, and shouldn’t be during school holidays.
Drink Sales Regression Analysis
From Greatest to least impact on Drink Sales( with p value below or equal to .05)-
School Holidays, Community Events, Spring, Karaoke, Fall, R&B
Memo
From my drink sales regression analysis I was able to find which variable most positively and negatively affect our food sales. Once again Karaoke and Spring have the greatest impacts on drink sales out of all the other types of music and other semesters. Also in the analysis, Community events and School Holidays had a huge negative impact on drink sales. So, I would suggest that we have as many events as possible featuring Karaoke music, during the spring semester, and also on dates that there are no school holidays or community