Linear Regression Model
Managerial decisions often are based on the relationship
between two or more variables.
Example: A public utility can use the relationship between the
daily high temperature and the demand for electricity to predict
Chi-square( 2 ) test statistic is used to make
statistical inferences about the equality of population
proportions for three or more populations.
p1 population proportion for population 1
p 2 population propo
Book Analysis on Nudge
This book deals with how simple nudges can affect the thinking approach of the humans and
ultimately change their decision making ability. According to the author, human minds makes
decision on the basis of two cognitive systems, fi
Typical Steps in Industry Analysis
1. Define the relevant industry:
a. What products are in it? Which ones are part of another distinct industry?
b. What is the geographic scope of competition?
2. Identify the participants and segment them into groups, if