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ERIC Number: EJ921459
Record Type: Journal
Publication Date: 2011
Pages: 20
Abstractor: As Provided
Reference Count: 11
ISSN: ISSN-1069-1898
Cafe Data
DePaolo, Concetta A.; Robinson, David F.
Journal of Statistics Education, v19 n1 2011
In this paper we present time series data collected from a cafe run by business students at a Midwestern public university. The data were collected over a ten-week period during the spring semester of 2010. These data can be used in introductory courses to illustrate basic concepts of time series and forecasting, including trend, seasonality, and the use of time series decomposition. Since the data relate to a student-run enterprise, we believe that statistics students, especially those in business disciplines, will find the application interesting and engaging. In addition to exercises in which students can perform statistical analyses, we also provide several examples in which the data and results are related to the business context, thereby showing the relevance and importance of data-driven business decisions. (Contains 5 figures.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A