search for: totrevenues

Displaying 1 result from an estimated 1 matches for "totrevenues".

2012 Apr 12
0
Can I use a simple linear regression in this situation
...for example: StoreName | Tot Revenue | Tot Active Customers Store A | 200,000 | 120 Store B | 230,000 | 129 Store C | 220,000 | 119 The sample data has about 65 stores in total. I don't know the average transaction value or if a customer has transacted more then once. > LineBestFit = lm(TotRevenues ~ TotActiveCustomers) > plot(TotRevenues ~ TotActiveCustomers) > abline(LineBestFit) I've plotted the data and the line and I get a strong positive linear pattern with a couple of outliers , nonetheless the plot shows that the more active customers I've in a store the more revenues (...