233k views
4 votes
Julio is a data specialist for Vinny's grocery stores in Western States. His supervisor asks him to evaluate how many staff are needed for the upcoming holiday season. Julio decides to analyze the relationships between day of the week, work shift (3 shifts), sales, and labor demand. What technique should he use?

A. Productivity ratios
B. Linear Regression
C. Multiple Linear Regression
D. Stochastic Analysis

User Clhenrick
by
7.6k points

1 Answer

1 vote

Final answer:

Julio should utilize Multiple Linear Regression (MLR) to analyze the relationships between day of the week, work shift, sales, and labor demand to determine staffing needs for Vinny's grocery stores.

Step-by-step explanation:

Julio, as a data specialist for Vinny's grocery stores, is tasked with determining the number of staff needed for the upcoming holiday season. In evaluating the relationships between day of the week, work shift, sales, and labor demand, Julio should use Multiple Linear Regression (MLR). This technique is ideal as it allows him to assess the impact of several independent variables (day of the week, work shift) on a dependent variable (labor demand). Unlike simple linear regression, which evaluates only one independent variable, or methods such as stochastic analysis, which could be more complex and less specific to the number of staff requirement, MLR can precisely model and predict the relationship between these variables.

User Akshay Nandwana
by
7.8k points