We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Statistics: correlation between retail online sales and total retail sales - Essay Example

Comments (0) Cite this document
First, we calculate x*y, x*x and y*y for each pair (xi, yi) and fill out the three last column of the table about. Second, the total for each column is found. Now we have all the numbers necessary to determine the correlation coefficient:
The correlation coefficient of 0.813 indicates a strong positive between linear relationship retail online sales and total retail sales variables (X and Y)…
Download paper
Statistics: correlation between retail online sales and total retail sales
Read TextPreview

Extract of sample
Statistics: correlation between retail online sales and total retail sales

For example, correlation between the advertising expenditures or promotional activities in certain area and the total sales in the corresponding period in that area is of interest for the managers. They want to determine how effective is the advertising/promotion and forecast the sales given increase or decrease in advertising.
However, the correlation values should be treated carefully. It characterizes the strength of the linear relationship; therefore, if the relationship between two given variables is quadratic, logarithmic or exponential, then the correlation coefficient will not adequately reflect how strong the relationship is. Moreover, even the relationship between variables is linear, high positive value of the coefficient does not indicate which of the variables causes the change in the value of another. The situation when both of them are influenced by the third variable and change simultaneously is also possible.
In a business context, a lot of attention should be paid to the economic relationship between variables. ... Read More
Cite this document
  • APA
  • MLA
(“Statistics: correlation between retail online sales and total retail Essay”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/286057-statistics-correlation-between-retail-online-sales-and-total-retail-sales
(Statistics: Correlation Between Retail Online Sales and Total Retail Essay)
“Statistics: Correlation Between Retail Online Sales and Total Retail Essay”, n.d. https://studentshare.net/miscellaneous/286057-statistics-correlation-between-retail-online-sales-and-total-retail-sales.
  • Cited: 0 times
Comments (0)
Click to create a comment
Total Monetary Sales
Assuming real sales decline a result of decline in total sales volume. Response In an important market where nominal sales have been increasing while real sales decreasing simultaneously, it becomes evident that the market prices of goods sold are high that results in overall greater contribution in total monetary sales (or nominal sales).
1 Pages(250 words)Essay
It has been supposed that "Sales Ethics is an Oxymoron", along with that's how many individual perceive it. It's not an Oxymoron, other than organizations that expand an Ethics agenda for the incorrect motives could, in actual fact, generate a status that is precisely conflicting to their intention.
6 Pages(1500 words)Essay
Analysis of Economic Indicators: Retail Sales and Personal Income
Personal income does not usually rise fast enough to absorb increases in interest rates. This is more likely to be an issue for people whose budgets are already stretched, since people with lower credit scores or worse ratios of income to expense are more likely to have to resort to variable rate loans in order to qualify for the credit they want, and these are the very loan payments which will rise with interest rates, forcing these consumers to make compensatory budget adjustments.
2 Pages(500 words)Essay
Retail Sales
It is submitted on every 12th of the following month. This is an inflationary indicator type of measurement that aims to evaluate wholesale price levels in the country for intermediate goods used in production. Commonly, it indexes the measure of the average change of selling price of goods on the sellers' perspective.
2 Pages(500 words)Essay
Potential Impact of Retail Sales and Personal Income Forecasts on Tobacco Industry
However, the targeting of specific commodities for different taxation treatment violates the neutrality principal of taxation by targeting certain products, and since cigarettes, like lottery tickets which are also heavily taxed, are disproportionately purchased by lower- and middle-income consumers (Talking taxes: Policy brief #9, 2005), these taxes are considered regressive.
2 Pages(500 words)Essay
Retail sales in the UK 1986-2008: An empirical investigation
The retail industry employed over 2.8 million people as at the end of September 2008. This equates to 11% of the total UK workforce.” In this global market every component of business from manufacturing, marketing, distribution and others each got specialized.
34 Pages(8500 words)Essay
In chapter 1 of this research paper the introduction of the problem is discussed. It is essential to know the background of the
8 Pages(2000 words)Essay
Online and Offline Clothing/Fashion retail sales
This essay gives a detailed information about How many Menswear and Womenswear Fashion/Clothing retailers are located in the US. According to the latest report from US Census Bureau, the industry continues to make an impact with sales in $4.3 million. However, the market has become very saturated which continues to threat retailer.
2 Pages(500 words)Essay
To what extent does the fashion industry take part in unethical behaviour to increase retail sales
in global market, some scholars have raised concerns over the manner in which clothing industries uses unethical means to increase their sales and profitability. In addition, the level in which global clothing industries have over years been extensively advertising their
22 Pages(5500 words)Essay
Strategy focus and plan on how to increase Booster Juice retail sales on campus
The non-financial goals are discussed first and then the financial goals of this marketing plan have been presented. The main core competency of the Booster Juice is that
1 Pages(250 words)Essay
Let us find you another Essay on topic Statistics: correlation between retail online sales and total retail sales for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us