As manager of a local leisure centre you are investigating the frequency of use of the centre
Question:
As manager of a local leisure centre you are investigating the frequency of use of the centre by its members. You hope that by understanding some of the key factors that influence how often members use the centre’s facilities you will be better able to market the centre and attract more members. Over the last few weeks you have collected data on a representative sample of members. The relevant data is shown in the next table
Attend | Travel | Children | Income |
5 | 3 | 2 | 23 |
4 | 2 | 1 | 34 |
2 | 3 | 0 | 51 |
6 | 3 | 3 | 37 |
7 | 1 | 3 | 29 |
4 | 3 | 2 | 17 |
3 | 3 | 1 | 23 |
4 | 3 | 1 | 28 |
8 | 2 | 3 | 40 |
0 | 8 | 1 | 38 |
Attend: The number of times the member made use of the centre’s facilities during a week
Travel: The distance between the member’s home and the centre (km.)
Children: The number of children in the member’s family (family use of the centre is encouraged)
Income The annual income of the member (in AED 000s)
Use the linear trend method to forecast
the Income when Travel is 4 km.
the Attend when Travel is 10 km
the Income when Children are 6
Expert Answer:
Answer 1 Forecasting Income when Travel is 4 km The linear trend method can be used to forecast income when travel is 4 km The linear trend model is a simple linear regression model that uses a linear ... View the full answer
Financial Markets And Institutions
ISBN: 978-0132136839
7th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
