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Regression Statistics
Multiple R 0.999992
R Square 0.999985
Adjusted R 0.999984
Standard Er1.080573
Observatio
30
ANOVA
df
Regression
Residual
Total
SS
MS
1 2155552 2155552
28 32.69388 1.167638
29 2155585
F
Significance F
1846078 5.09E-069
Coefficients
Standard Error t Stat
P-value Lower 95%Upper 95%
Lower 95.0%
Intercept 3098.224
1.4841 2087.612 3.05E-074 3095.184 3101.265 3095.184
X Variable -61.93878 0.045587 -1358.705 5.09E-069 -62.03216 -61.8454 -62.03216
25.01038
X
3098.224
Upper 95.0%
3101.265
-61.8454
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.999962
R Square 0.999924
Adjusted R 0.999922
Standard Er1.239633
Observatio
30
ANOVA
df
Regression
Residual
Total
SS
MS
F
Significance F
1 569673.6 569673.6 370714.8 2.94E-059
28 43.02731 1.53669
29 569716.7
Coefficients
Standard Error t Stat
P-value Lower 95%Upper 95%
Lower 95.0%
Intercept 1496.363 1.722534 868.6984 1.40E-063 1492.834 1499.891 1492.834
X Variable -49.82568 0.081834 -608.8636 2.94E-059 -49.99331 -49.65805 -49.99331
15.01598
X
1496.363
Upper 95.0%
1499.891
-49.65805
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.999866
R Square 0.999733
Adjusted R 0.999723
Standard Er1.856993
Observatio
30
ANOVA
df
Regression
Residual
Total
SS
MS
F
Significance F
1 361200.1 361200.1 104743.6 1.42E-051
28 96.5558 3.448421
29 361296.7
Coefficients
Standard Error t Stat
P-value Lower 95%Upper 95%
Lower 95.0%
Intercept 1400.099 2.43513 574.9587 1.46E-058 1395.111 1405.087 1395.111
X Variable -40.02217 0.123662 -323.6412 1.42E-051 -40.27548 -39.76886 -40.27548
17.49154
X
1400.099
Upper 95.0%
1405.087
-39.76886
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.999925
R Square
0.99985
Adjusted R 0.999844
Standard Er1.188814
Observatio
30
ANOVA
df
Regression
Residual
Total
SS
MS
F
Significance F
1 262987.6 262987.6 186083.3 4.55E-055
28 39.57181 1.413279
29 263027.2
Coefficients
Standard Error t Stat
P-value Lower 95%Upper 95%
Lower 95.0%
Intercept 1508.937 1.943975 776.2119 3.27E-062 1504.955 1512.919 1504.955
X Variable -41.94648 0.097239 -431.3737 4.55E-055 -42.14566 -41.74729 -42.14566
17.98645
X
1508.937
Upper 95.0%
1512.919
-41.74729
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.999982
R Square 0.999963
Adjusted R 0.999962
Standard Er1.247041
Observatio
30
ANOVA
df
Regression
Residual
Total
SS
MS
F
Significance F
1 1187146 1187146 763383.2 1.19E-063
28 43.54314 1.555112
29 1187190
Coefficients
Standard Error t Stat
P-value Lower 95%Upper 95%
Lower 95.0%
Intercept 2001.811 1.349684 1483.17 4.38E-070 1999.046 2004.575 1999.046
X Variable -52.6742 0.060287 -873.718 1.19E-063 -52.79769 -52.5507 -52.79769
19.00181
X
2001.811
Upper 95.0%
2004.575
-52.5507
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.999987
R Square 0.999975
Adjusted R 0.999974
Standard Er1.151863
Observatio
30
ANOVA
df
Regression
Residual
Total
SS
MS
1 1483246 1483246
28 37.15008 1.326789
29 1483283
F
Significance F
1117922 5.71E-066
Coefficients
Standard Error t Stat
P-value Lower 95%Upper 95%
Lower 95.0%
Intercept 2497.155 1.670553 1494.807 3.52E-070 2493.733 2500.577 2493.733
X Variable -55.50966
0.0525 -1057.318 5.71E-066 -55.6172 -55.40212 -55.6172
22.49298
X
2497.155
Upper 95.0%
2500.577
-55.40212
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.999995
R Square
0.99999
Adjusted R 0.999989
Standard Er1.337177
Observatio
30
ANOVA
df
Regression
Residual
Total
SS
MS
1 4855944 4855944
28 50.06521 1.788043
29 4855994
F
Significance F
2715787 2.29E-071
Coefficients
Standard Error t Stat
P-value Lower 95%Upper 95%
Lower 95.0%
Intercept 3299.727 1.600935 2061.125 4.36E-074 3296.447 3303.006 3296.447
X Variable -59.98681 0.036401 -1647.964 2.29E-071 -60.06137 -59.91225 -60.06137
27.50377
X
3299.727
x
15302.31
Upper 95.0%
3303.00602
-59.912246
Day
Intercept
Sunday 3098.224
Monday 1496.363
Tuesday 1400.099
Wednesday 1508.937
Thursday 2001.811
Friday
2497.155
Saturday 3299.727
Slope
-61.93878
-49.82568
-40.02217
-41.94648
-52.6742
-55.50966
-59.98681
Price
25.49814
25.49814
25.49814
25.49814
25.49814
25.49814
25.49814
P.demand
1000
1000
1000
1000
1000
1000
1000
Demand
1518.901
225.9003
379.6081
439.3795
658.7166
1081.762
1770.175
T.revenue
Revenue
25498.14
5760.039
9679.3
11203.36
16796.05
25498.14
25498.14
119933.2
Day
Intercept
Sunday 3098.224
Monday 1496.363
Tuesday 1400.099
Wednesday 1508.937
Thursday 2001.811
Friday
2497.155
Saturday 3299.727
Slope
-61.93878
-49.82568
-40.02217
-41.94648
-52.6742
-55.50966
-59.98681
Price
28.85969
18.047238
19.328439
19.498145
21.231737
25.133277
31.08298
P.demand
1000
1000
1000
1000
1000
1000
1000
Demand
1310.691
597.1466
626.5329
691.0582
883.4459
1102.015
1435.158
T.revenue
Revenue
28859.69
10776.85
12109.9
13474.35
18757.09
25133.28
31082.98
140194.1
Day
Intercept
Sunday 3098.224
Monday 1496.363
Tuesday 1400.099
Wednesday 1508.937
Thursday 2001.811
Friday
2497.155
Saturday 3299.727
Slope
Price
-61.93878 33.875827
-49.82568 20.07800
-40.02217 20.07800
-41.94648 20.07800
-52.6742 20.07800
-55.50966 20.07800
-59.98681 33.875827
P.demand
1000
1000
1000
1000
1000
1000
1000
Demand
999.9972
495.9624
596.5338
666.7352
944.218
1382.632
1267.624
T.revenue
Revenue
33875.73
9957.934
11977.21
13386.71
18958.01
20078
33875.83
142109.4
ANS 4
Current maximum capacity of 1000 is a constraint, as Nicco is not
able to cater to the exact demand corresponding to the price they
are offering. Hence they are not able to capture the full profit.
Ajdusted
1000
891.9533
849.5924
904.6141
999.9207
1000.004
999.963
ANS 1
Sun
mon
tue
wed
thrus
sun
0 -10.81245 -9.531251 -9.361545 -7.627953
mon
10.81245
0
1.2812 1.450907 3.184499
tue
9.531251
-1.2812
0 0.169706 1.903298
wed
9.361545 -1.450907 -0.169706
0 1.733592
thrus
7.627953 -3.184499 -1.903298 -1.733592
0
fri
3.726413 -7.086039 -5.804838 -5.635132 -3.90154
sat
-2.22329 -13.03574 -11.75454 -11.58484 -9.851244
38.83632 -36.85084 -27.88244 -26.69449 -14.55935
310.6906 -294.8067 -223.0595 -213.5559 -116.4748
Diversification factor
8
Adjusted revenue
28859.69002
16097.29407
16421.29471
17638.29719
21230.05332
25133.27687
31081.82956
156461.7357
Difference
20260.98 Yes, we are gaining more with this approach,
It is more profitable to have different prices on different days.
ANS 3
ANS 5
fri
sat
-3.726413 2.22329
7.086039 13.03574
5.804838 11.75454
5.635132 11.58484
3.90154 9.851244
0 5.949704
-5.949704
0
12.75143 54.39936
102.0115 435.1949
m price of Sunday is
Saturday it is more
order to maximize
-38.83632
36.85084
27.88244
26.69449
14.55935
-12.75143
-54.39936
0
0
-310.6906
294.8067
223.0595
213.5559
116.4748
-102.0115
-435.1949
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Sunday
Price
Demand
29
1302
38
744
31
1178
38
750
35
930
30
1240
30
1240
27
1426
38
744
38
744
33
1054
39
682
25
1550
39
682
30
1240
33
1054
26
1488
30
1240
26
1488
35
930
39
682
32
1116
27
1426
32
1116
28
1364
32
1116
36
868
34
992
30
1240
28
1364
Monday
Price
Demand
23
350
25
250
17
650
15
750
20
500
17
645
23
350
21
450
24
300
24
300
23
350
18
600
24
300
25
255
21
450
20
500
19
550
20
500
23
350
24
300
18
600
18
600
25
250
21
450
20
500
17
650
21
450
22
400
20
500
18
600
Tuesday
Price
Demand
23
480
20
600
20
590
18
680
22
520
19
640
22
520
16
760
23
480
21
560
19
640
19
640
16
760
17
720
17
720
16
760
21
560
17
720
24
440
20
600
18
680
16
760
24
440
15
800
19
640
19
640
25
400
19
640
23
480
17
720
Wednesday
Price
Demand
22
586
21
628
20
670
22
590
23
544
20
670
22
588
19
712
22
586
22
584
21
628
20
666
16
838
22
586
17
796
22
586
18
754
19
712
18
754
16
838
18
754
23
544
17
796
22
586
20
670
17
796
16
838
22
586
21
628
18
754
Thursday
Price
Demand
27
579.8
20
948
21
895.4
22
842.8
28
527.2
19
1000.6
15
1211
26
632.4
27
579.8
25
685
19
1000.6
25
685
17
1105.8
15
1215
25
688
16
1158.4
22
842.8
18
1053.2
23
790.2
22
844
27
579.8
19
1000.6
19
1003
22
842.8
22
840
20
948
28
527.2
25
685
24
737.6
24
735
Friday
Price
Demand
28
943.2
36
498.4
36
502
27
998.8
27
995
25
1110
29
887.6
28
943.2
30
832
39
331.6
34
609.6
32
720.8
27
997
33
665.2
31
776.4
34
609.6
33
668
37
442.8
39
331.6
28
944
31
775
34
609.6
26
1054.4
28
943.2
35
554
29
887.6
37
442.8
28
943.2
36
498.4
30
832
Saturday
Price
45
35
43
45
37
53
37
51
37
52
54
41
40
48
36
48
37
40
42
36
36
48
52
55
51
40
36
38
37
54
Saturday
Demand
603
1200
720
600
1084
120
1080
240
1078
180
60
840
902
424
1140
420
1080
900
780
1138
1140
420
180
0
240
900
1140
1020
1080
60
1150
26250
11250