Predicting College Kids' Cravings Amid Special Causes

Michelle Paret, Product Marketing Manager, Minitab Inc., State College, PA, USA

Keywords: Prediction, Modeling, Special Cause Variation

Industry: Food/Drug/Cosmetic

Level: Basic

ABSTRACT

It’s not uncommon for sales dashboards to provide revenue figures for a given time period from last year to that same time period in the current year. For example, perhaps your dashboard compares sales figures from the third week of 2016 to sales figures for the third week in 2017. Perhaps your sales appear to up. Or, perhaps your sales appear to be down. But are they really? In this talk, we will take a look specifically at sandwich sales across three restaurant locations in a large college town and explore how to use statistical techniques to truly understand what the data are telling us. We will use modeling techniques to determine with factors impact customer demand. We will also take a look at how to use graphical techniques to identify what may be driving special cause variation, and understand seasonal fluctuations over time.

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SPEAKERS' CORNER
Submit your PowerPoint by
January 31, 2019
Speakers’ Orientation Meeting:
Tuesday, March 12, 2019,
6 PM-7 PM
Please download the Speaker Instructions here

Conference Chair's Message 

Joel Smith

Continuous Improvement is not just something a Lean Six Sigma (LSS) practitioner leads their organization in practicing, but is also a core competency of their professional makeup. That is why more and more innovative and leading companies are looking for leaders that use the LSS way of thinking in everything they do within their organization.

In this era of data science and machine learning, the ability to connect the dots for end to end solutions across the boundaries of people, process and systems is the key to success. This year’s conference is focused on making sure we are “continuing” our journey as practitioners. Whatever your level of experience, you will learn new concepts, new perspectives and network with the best in the industry.