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Tanner Wright is a manager for a McDonald's restaurant. Many of his key responsibilities include analyzing data and making key decisions for the success of his store. Tanner's store has been experiencing decreased sales for breakfast services over the past three months. Tanner is unsure why breakfast revenues are down while lunch and dinner revenues remain unchanged. Tanner believes that he can drive revenue up by implementing a few different breakfast promotions such as free coffee or hash browns with the purchase of a meal. Tanner performs an extensive analysis of how continuous changes in breakfast promotions could impact his daily revenue. What type of DSS analysis is Tanner performing?
Sample Spearman
Sample Spearman refers to the computation of Spearman's rank correlation coefficient on a sample data set to assess the monotonic relationship between two variables.
Rank Coefficient
A statistical measure that evaluates the strength and direction of a relationship between two ranked variables.
Spearman Rank-Correlation
A nonparametric measure of correlation that assesses how well the relationship between two variables can be described using a monotonic function, based on ranked values.
Linear Way
Refers to a direct and straightforward approach or method that progresses continuously from one point to the next.
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