Summarizing the model
Awesome, your last model did a really good job in predicting the sales of Hoppiness. When reporting to the company, you need to quantify this achievement and give some conclusions about the importance of the marketing activities for explaining the sales of Hoppiness.
You can get what you need in a single step by simply applying the function summary()
to the extended.model
object. The summary()
function also summarizes information on your model regarding model fit (R-squared and Adjusted R-squared) and the importance of the effects (P-values).
Este exercício faz parte do curso
Building Response Models in R
Instruções do exercício
- Obtain the R-squared measures and the P-values for the
extended.model
object by using the functionsummary()
.
Exercício interativo prático
Experimente este exercício completando este código de exemplo.
# Extend the sales resonse model
extended.model <- ___(log(SALES) ~ PRICE + Price.lag + DISPLAY + Display.lag + COUPON + Coupon.lag + DISPLAYCOUPON + DisplayCoupon.lag, data = sales.data)
# Summarize the model