QNT 275T Week 5 Discussion – The Tasty Sub Shop Case and The QHIC Case

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

The Tasty Sub Shop Case:

A business entrepreneur uses simple linear regression analysis to predict the yearly revenue for a potential restaurant site on the basis of the number of residents living near the site. The entrepreneur then uses the prediction to assess the profitability of the potential restaurant site.

And

The QHIC Case:

The marketing department at Quality Home Improvement Center (QHIC) uses simple linear regression analysis to predict home upkeep expenditure on the basis of home value. Predictions of home upkeep expenditures are used to help determine which homes should be sent advertising brochures promoting QHIC’s products and services.

Discuss the difference in the type of prediction in both cases and provide rational of the reasons that these predictions were used.

Due Monday

Reply to at least two of your classmates. Be constructive and professional in your responses.