Regression Analysis and Decision Making

The assignment content consists of three problems: (2) Building a simple decision-making system for hotel expenses claims based on employee grade and hotel type, (1) Creating a short summary in paragraph form, and (3-5) Developing an analytical approach to business expansion decisions. The first problem requires the development of a regression equation using store size and annual sales data to determine optimal store size and maximize sales per square footage. The second problem asks for the solution of the regression equation, significance testing of the p-value and t-statistic, and setting up a decision analysis to determine whether management should go ahead with the project.