Identify the four predictive variables chosen by the profitability regression model used by La Quinta Inns. Identify some that were tested but not included in the final model

What will be an ideal response?

The variables are: 1. the price of the inn, 2. median income levels, 3 . the state population per inn, and 4. the location of nearby colleges. Some of those tested that did not have a large impact on profits include: the number of hotel rooms in the vicinity and their average room rates; local attractions such as office buildings and hospitals that drew potential customers to a 4-mile trade area; local population and unemployment rate; the number of inns in a region; and physical characteristics of the site, such as ease of access or sign visibility.