Question: Happy Lodge Ski Resorts tries to forecast monthly attendance The

Happy Lodge Ski Resorts tries to forecast monthly attendance. The management has noticed a direct relationship between the average monthly temperature and attendance.
(a) Given five months of average monthly temperatures and corresponding monthly attendance, compute a linear regression equation of the relationship between the two. If next month’s average temperature is forecast to be 45 degrees, use your linear regression equation to develop a forecast.

(b) Compute a correlation coefficient for the data and determine the strength of the linear relationship between average temperature and attendance. How good a predictor is temperature forattendance?
View Solution:

Sale on SolutionInn
  • CreatedJuly 11, 2014
  • Files Included
Post your question