Purchase Solution

Modeling of online purchase of piggybank

Not what you're looking for?

Ask Custom Question

DETAILS: Prepare an analysis (NOT in the ppt format) for Piggybank that compares the two incentive options:
A. cash back when the consumer makes an online purchase, and
B. cash back when the consumer makes a purchase at a clothing store.

See the attached pdf file and use the statistical information data from 2004 2nd quarter in Table 1 (at the bottom of the table).

The work must include a recommendation for one option and the data and analysis that support the recommendation. The following should be included:
1. statement of the research question
2. data presented as charts and graphs
3. conclusions and recommendations

Attachments
Purchase this Solution
Solution Summary

The solution gives details of the modeling of the two incentive options, cash back when the consumer makes an online purchase, and cash back when the consumer makes a purchase at a clothing store. The recommendations based on regression analysis is also included.

Solution Preview

Statement of the research question:
-------------------------------------------

Piggybank can give more incentive for online purchase as there is a significantly high rate of growth for online purchase

Statistical Analysis
-----------------------------

1. Trend Line for E Commerce Sales
Sales = 5373e0.0609t
t denote the time point ...

Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

View More Free Quizzes
Related BrainMass Solutions

  • Testing hypotheses

    Assume that Piggybank collects information of how much (say mu1) consumers would shop online and how much (say mu2 ) consumers would shop at clothing stores is correct and representative.

  • Prepare an analysis for Piggybank that compares the two incentive options

    The compound rate of growth in online purchase is significantly high as compared to direct purchase. 2. Since the rate of growth high in E commerce more incentive can be given to online purchase which will further boost the growth.

  • PiggyBank and Information Experts sample problem

    269014 Null PiggyBank has narrowed its options down to two incentive plans: A. cash back when the consumer makes an online purchase; and B. cash back when the consumer makes a purchase at a clothing store.

  • Testing of hypothesis.

    Details: PiggyBank has narrowed its options down to two incentive plans: A. cash back when the consumer makes an online purchase; and B. cash back when the consumer makes a purchase at a clothing store.

  • Hypothesis testing

    97721 Hypothesis testing PiggyBank has narrowed its options down to two incentive plans: A. cash back when the consumer makes an online purchase; and B. cash back when the consumer makes a purchase at a clothing store.

  • Three options of PiggyBank

    They have focused on three options for their credit card incentives: A. cash back when the consumer makes an online purchase; B. cash back when the consumer makes a purchase at a clothing store; and C. entry into a sweepstakes whenever the

  • PiggyBank's incentive plan

    88009 PiggyBank's incentive plan PiggyBank has narrowed its options down to two incentive plans: A. cash back when the consumer makes an online purchase; and B. cash back when the consumer makes a purchase at a clothing store.

  • Hypothesis Testing Null and Alternative

    128453 Hypothesis Testing Null and Alternative PiggyBank has narrowed its options down to two incentive plans: A. cash back when the consumer makes an online purchase; and B. cash back when the consumer makes a purchase at a clothing store.

  • develop null and alternative hypotheses

    PiggyBank has narrowed its options down to two incentive plans: A. cash back when the consumer makes an online purchase; and B. cash back when the consumer makes a purchase at a clothing store.

View More Related Solutions