Purchasing and Distribution

PURCHASING AND
DISTRIBUTION

TABLE OF CONTENTS
QUESTION- 1.................................................................................................................................1
QUESTION- 2.................................................................................................................................2
QUESTION- 3.................................................................................................................................2
QUESTION- 5.................................................................................................................................5
a) 6 characteristics of big data.....................................................................................................5
REFERENCES................................................................................................................................7

QUESTION 1
A
There are many factors influencing the number of monthly riders and there are the price,
population and income (Zhu and et.al., 2018). Out of all these factors the most significant factor
is the price as if the price will be too high then this will reduce the number of cycle riders. The
other factors are being eliminated from the model because of the reason that these are not much
essential for the effective calculation of the data.
B
Regression Sta-
tistics
Multiple R 0.069
R Square 0.005
Adjusted R
Square -0.016
Standard Error 8.807
Observations 49
The value of the R square is 0.005 which is very low. The meaning of R- square is that the
because of change in the value of the independent how much of the change is being undertaken
within the dependent factors. This is very essential as R square predicts the ratio between the
dependent and independent variable.
C
The formula for best fit line is =
Y= mx + b
And in accordance to this the residual is 435284.53
D
As the short term strategy it is recommended to the company that they must work on marketing
of the bicycle riding in effective and efficient manner. This is pertaining to the fact that when the
marketing will be good then this will attract majority of the consumers.
For the long term strategy it is advisable to the company that they must reduce the prices to a
little extent. This is pertaining to the fact that when the prices will be reduced then this will
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