6. Regression # 5
95.2% of the variance in the
number of electronics and
appliance stores is explained by
the variation in the IVs.
All IVs are
significant.
7. Interpretation of IVs
Coefficients a
Unstandardized
Coefficients
M40‐49: As number of males 40‐49
Model B Std. Error
1 (Constant) increases by 1000, the number of
417.055 102.058
Number of males 40
electronics stores goes up by 2.
.002 .000
to 49 years of age
Median household
.000 .000
income in 1999
Income: As median household
Median value of
incomes increases by $10,000, the
owner-occupied 8.14E-005 .000
housing units
number of electronics stores
Median year structure
-.211 .052
increases by 2 (0.0002)
built
Yearbuilt: As the median age of a
Housevalue: As the median value
structure decreases by 10 years (i.e. the
of owner occupied housing units
newer the structure), the number of
increases by $100,000, the
electronics stores decreases by 2
number of electronics stores
increases by 8.
8. Summary:
Regressions & Disregarded Variables
Electronics PSport, M40‐49, Multicolinearity NA
1
F40‐49 (Males & Females)
Electronics PSport, M40‐49, Removed Females 0.943
2
Income (Males=main target) (Prefer > 95% )
Electronics PSport, M40‐49, Added Mobile (least 0.949
3
Income, Mobile important IV)
Electronics PSport, M40‐49, Replaced Mobile 0.95
4
Income, (least important IV)
Housevalue
Electronics Housevalue, Replaced PSport 0.952
5
M40‐49, Income, Final Answer!
(least important IV)
Yearbuilt
10. Top 10 Counties in Virginia
by Retail Potential
1. Augusta County
2. Portsmouth City
3. Chesterfield County
4. Bedford County
5. Prince William County
6. Hampton City
7. Roanoke County
8. Richmond City
9. Clifton Forge City
10.Norfolk City
11. Selecting a County
Six Main Criteria
1. Retail Potential:
At least 5 less stores than expected
All 10 counties qualified
2. Population (sufficient size):
Above 100,000
3. Income (sufficient means):
Above $45,000
12. Selecting a County (cont)
4. PElectronics (demand):
between 2% and 4%
To demonstrate a market exists for electronics in that county
5. PSport (Music/ DVD demand):
between 4% and 7%
To demonstrate a market exists for music/DVDs in that county
6. PMales:
at least 48 percent
Best Buy stores tend to target males more than females
13. Selecting a County (cont)
Tabulated criteria to evaluate based on multiple factors
Augusta ‐9.84006 1 5,696 $43,045 65,615
Portsmouth city ‐9.38079 7 6,737 $33,742 100,565
Chesterfield ‐8.40461 36 22,262 $58,537 259,903
Bedford ‐8.1322 2 5,281 $43,136 60,371
Prince William ‐7.84942 38 22,726 $65,960 280,813
Hampton city ‐7.22696 17 11,203 $39,532 146,437
Roanoke ‐6.80851 7 6,955 $47,689 85,778
Richmond city ‐6.34982 28 13,620 $31,121 197,790
Clifton Forge city ‐5.90242 0 279 $26,090 4,289
Norfolk city ‐5.65534 30 14,603 $31,815 234,403
14. Selecting a County (cont)
And the Winner is… Chesterfield county
Only county to satisfy all requirements
4.67% 50.29% 0.47% $110,900 1977
Augusta
4.41% 48.31% 2.37% $81,300 1961
Portsmouth city
6.18% 48.71% 3.84% $120,500 1982
Chesterfield
4.35% 49.87% 2.17% $127,000 1982
Bedford
7.76% 49.88% 4.15% $149,600 1983
Prince William
6.42% 49.56% 3.31% $91,100 1969
Hampton city
4.46% 47.26% 3.47% $118,100 1974
Roanoke
7.31% 46.55% 2.76% $87,300 1955
Richmond city
0% 44.11% 0% $52,800 1939
Clifton Forge city
6.43% 51.12% 3.27% $88,400 1959
Norfolk city