Final published version
Licence: CC BY: Creative Commons Attribution 4.0 International License
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The Role of Twitter Medium in Business with Regression Analysis and Statistical Modelling
AU - Cong, J.
AU - Ahmad, Z.
AU - Alsaedi, B.S.O.
AU - Alamri, O.A.
AU - Alkhairy, I.
AU - Alsuhabi, H.
PY - 2021/10/20
Y1 - 2021/10/20
N2 - Marketing refers to the strategies a company undertakes to promote its brands to its potential audience. Advertising provides useful venues for marketing to promote a company's survives/goods to the audience. It has a positive impact on the sale of services or products. In this study, we consider a well-known online medium called Twitter (the fourth most popular social media platform used by marketers) to check its impact on sales. For this purpose, the simple linear regression modeling approach is implemented to test the significance and usefulness of Twitter advertising on sale. Statistical tests such as t-test and correlation test are adopted to test the hypothesis of the "impact of Twitter advertising on sales."Based on the findings of this study, it is observed that Twitter advertising has a positive impact on sales. Furthermore, a new statistical model called the exponential T-X exponentiated exponential is introduced. The proposed model is very interesting and possesses heavy-tailed characteristics which are useful in finance and other related sectors. Finally, the applicability of the new model is illustrated by considering the sales data.
AB - Marketing refers to the strategies a company undertakes to promote its brands to its potential audience. Advertising provides useful venues for marketing to promote a company's survives/goods to the audience. It has a positive impact on the sale of services or products. In this study, we consider a well-known online medium called Twitter (the fourth most popular social media platform used by marketers) to check its impact on sales. For this purpose, the simple linear regression modeling approach is implemented to test the significance and usefulness of Twitter advertising on sale. Statistical tests such as t-test and correlation test are adopted to test the hypothesis of the "impact of Twitter advertising on sales."Based on the findings of this study, it is observed that Twitter advertising has a positive impact on sales. Furthermore, a new statistical model called the exponential T-X exponentiated exponential is introduced. The proposed model is very interesting and possesses heavy-tailed characteristics which are useful in finance and other related sectors. Finally, the applicability of the new model is illustrated by considering the sales data.
KW - Commerce
KW - Regression analysis
KW - Sales
KW - Advertizing
KW - Exponentials
KW - Linear regression modelling
KW - Modeling approach
KW - Online medium
KW - Regression analysis models
KW - Simple linear regression
KW - Social media platforms
KW - Statistic modeling
KW - T-tests
KW - Social networking (online)
U2 - 10.1155/2021/1346994
DO - 10.1155/2021/1346994
M3 - Journal article
VL - 2021
JO - Computational Intelligence and Neuroscience
JF - Computational Intelligence and Neuroscience
SN - 1687-5265
M1 - 1346994
ER -