CEOs make decisions every day, in the live entertainment industry, equipment is a major factor. For instance, the visualization below shows how ANOVA regression is used to determine the best time to replace DJ performance equipment. Using ANOVA Regression as a guide, when the performance hours reach the upper 95% range it is time to replace equipment before failure. The CEO in charge of a large international entertainment company, is responsible for allocating funds to be used for equipment lease, or purchase. With respect, the Regression ANOVA test can provides an argument for how the funds are best allocated. Of course, the fan experience is the most important factor, the sound should never go out before the show ends.
436 MEDIA Inc., Tech Writer
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