Doucette wants to decide whether or not to put an employee retention program in place. But first, he wants Sarah Jenkins to check whether manager tenure and crew tenure are related to store profit. Accordingly, run the three regression models per instructions given below; data for theseDefinitions of the different variables in the data are provided in the case itself. Briefly discuss the summary statistics presented in Exhibit 3 in Store24A and Exhibit 2 in Store24B. Use a maximum of 2 slides for this discussion. In your opinion, what do the summary statistics tell us about Store24?
Doucette wants to decide whether or not to put an employee retention program in place. But first, he wants Sarah Jenkins to check whether manager tenure and crew tenure are related to store profit. Accordingly, run the three regression models per instructions given below; data for these 3 models is in the worksheet labeled Data for Case A.
Model 1: Run a full model for profit that includes both tenure and site location related variables. Tenure related variables are MTenure and CTenure. Site location related variables are population, number of competitors, street level visibility, pedestrian access, type of neighborhood, and whether a store staysDefinitions of the different variables in the data are provided in the case itself. Briefly discuss the summary statistics presented in Exhibit 3 in Store24A and Exhibit 2 in Store24B. Use a maximum of 2 slides for this discussion. In your opinion, what do the summary statistics tell us about Store24?
Doucette wants to decide whether or not to put an employee retention program in place. But first, he wants Sarah Jenkins to check whether manager tenure and crew tenure are related to store profit. Accordingly, run the three regression models per