Latin squares design, Management Theories

Assignment Help:

Latin Squares Design:

This design suggests that test will form a square because there will be as many test units as treatments. This design is used to control important extraneous influence. It is assumed that each treatment occurs once with each store on a block. There are several stores in a block. There must be as many blocks as there are treatments. It may be three four and so on. Three blocks three treatment four blocks four treatments and so on. This is the reason why it is called a square design.

Thus the price treatment will reveal the impact of price at different times stores: consequently one can conclude the price effect on sales. There are some special feature of this design (i) each treatment is applied once in each store of a block(ii) each store is tested once in each time and (iii) the order of testing runs both ways i .e 1 to 2 and 2 to 1 during an equal number of times. Thus the extraneous factors impacts affecting them are minimized. The varying store characteristics and sequence in which the treatments appear are concealed.

The design measures the error resulting from two non interacting variable i, ,e the different in test stores and the difference in time on the results as the effect of the treatment on the results. The statistical interpretation is a complex one because a treatment is observed in case of several stores at several points of time. The variances of vertical effects the variances of horizontal effects and the variances of treatment have to be calculated. These can be analyzed by adopting several methods.

The sum of the vertical column may be used to determine the vertical dimension or the column effect similarly the sum of horizontal column may be assess the horizontal dimension or row effect. The treatments total effect can be determined by analyzing the impact of the treatment on the sale. A degree of freedom may be applied to correct the row column and treatment effects.


Related Discussions:- Latin squares design

International assignments, the problems, challenges, solutions and the stra...

the problems, challenges, solutions and the strategies of international assignments

face value as the canadian bond , A 1- year Canadian bond with a face valu...

A 1- year Canadian bond with a face value of 5000 can be purchased at 4800. a)    Determine the nominal interest rate in Canada. b)    If the Canadian dollar is predicted to de

Abc limited engineering company ltd, How would you examine if there is any ...

How would you examine if there is any merit in the remarks of various functional manager?

Authority to pay interest, In this problem, we are going to measure the mon...

In this problem, we are going to measure the money multiplier one year prior to the Great Recession (12/2006) and compare it to the money multiplier 5 years since (12/2011).  The i

Analysis what suites you and your client best, In line with the integrative...

In line with the integrative approach of this unit you are asked to choose a topic which reflects the skills needed to be a successful International Manager.  You are asked to comb

Contribution margin and conversion ratio, Contribution Margin: A commo...

Contribution Margin: A common  of a firm's profitability and performance, this is a calculation of how much a firm's revenues exceed its variable costs of production, and ther

Reward strategy, Detail out issues a reward strategy should deal with

Detail out issues a reward strategy should deal with

Production and operation management , what do you understand by "line bala...

what do you understand by "line balancing"what happens if balance doesn''t exist?

Survey method, Survey Method: In research surveys are most commonly used...

Survey Method: In research surveys are most commonly used and most abused means of collecting primary data. These methods are mostly used as these are less time consuming econom

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd