How can i create a function that predicts how many customers will come to a buisness location based on drive time.
I'm working on a problem; I'm trying to project how many customers a business could expect to receive based on drive time. If I have the drive time of hundreds of customers to a current business, how can I create a function to predict how many customers a new location would receive based on minutes from the location? I also have other data points, such as customer conversion and retention, that I can use. Is what I'm trying to do possible and if so how do I create this function using the data I have.
Join Matchmaticians Affiliate Marketing
Program to earn up to a 50% commission on every question that your affiliated users ask or answer.
- unanswered
- 238 views
- Pro Bono
Related Questions
- Probability/statistics
- Goalscorer Probability question
- Probability - what is the probability that a given tire length will lie in a lenght of interest
- CLT and probability
- Statistics- Probability, Hypotheses , Standard Error
- Find the maximum likelihood estimate
- Bivariate Normality questions
- applied probability
The questios is very vague and you need to be more provide more details. Also questions at this level should come with a good bounty.
I'm not sure what other details i could have included, as to the 2nd part I'm new to the site so didn't really know how it worked. Thanks
Your offer should be high enough to motivate users to spend time on your problem. Think about how much a private tutor would charge for answering it, that would give you an idea.
I really would have no clue what a private tutor would charge for answering a question. I have a math degree and wasn't really looking for someone to do the work as much as point me in the right direction of what I should do, sounds like maybe I'm on the wrong site. Thanks for your help and feedback