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The Data Analyst Wanted to Finalise His Model for Guest

question 15

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The data analyst wanted to finalise his model for guest satisfaction with the introduction of one last parameter, Reason (a dummy variable of guest reason for staying at the hotel, coded 0 for holiday stay and 1 for business stay) . How might we categorise this parameter within this model?


Definitions:

Net Operating Income

The total profit of a company after operating expenses but before deducting interest and taxes.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, detailing the net profit or loss.

Flavors

Varieties or types of tastes created in food and beverages through natural or artificial means.

Break-even

The point at which total costs equal total revenue, meaning there is no profit or loss.

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