“…Recently, because of more access to the information, increased accuracy, and less error, managers are more interested in using statistical models (Baptista et al., 2019; Cárdenas‐Gallo et al., 2017; Reder et al., 2018; Sullivan et al., 2013). The researchers used models like linear regression, generalized linear models (Baptista et al., 2019), Weibull Regression (Regattieri et al., 2010), and CART (Bevilacqua et al., 2003) that can be easily applied.…”