UMW Students Perform Cluster Analysis for Fredericksburg VA Main Street Inc.

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On Thursday, December 10th with guest Ann Glave of Fredericksburg VA Main Street Inc. in attendance students Emily Desgrosseilliers, Hannah Lynde, Brian Christiansen,  Ilana Deigh, and Megan Reed presented their findings. The presentation included a Cluster Analysis of downtown Fredericksburg in which demand and supply data for downtown industry clusters were statistically compared for correlation of downtown retail sales with national consumer buying habits. To learn more about the CED Office of Regional Initiatives please go to economicdevelopment.umw.edu/center-for-regional-initiatives/. … [Read more...]

UMW Students Research Regional Heritage Tourism

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Students in UMW Professor Chris Garcia's Applied Statistics and Business Research class routinely work with the Center for Economic Development and local businesses doing statistical analysis to support strategic planning, marketing, and other business decisions. Lauren Goetz, Seth Dorman, Mike Woo, and Jackie Johnston performed an Economic Base Analysis using economic base indicators in a heritage tourism context for a Fredericksburg Historic Preservation Initiative. Project clients, Michael Spencer (Assistant Professor & Director of the Center for Historic Preservation at UMW), Anne Darron (Executive Director of the Washington Heritage Museums), and Scott Harris (Director of the James Monroe Museum) attended the student presentation which was followed by discussion. Professor Spencer stated, "The data presented set the stage for future studies regarding the economics of preservation within the Fredericksburg region and in many instances brought up new questions and presented … [Read more...]