Question

Here’s a multiple regression model for the variables considered in Exercise 12:
a) Write the regression model.
b) What does the coefficient of Paid Attendance mean in this regression? Does that make sense?
c) In a week in which the paid attendance was 200,000 customers attending 30 shows at an average ticket price of $70, what would you estimate the receipts would be?
d) Is this likely to be a good prediction? Why do you think that?


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  • CreatedMay 15, 2015
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