The following data relate the sales figures of the bar in Mark Kaltenbachs small bed- and- breakfast
Question:
The following data relate the sales figures of the bar in Mark Kaltenbach’s small bed- and- breakfast inn in Portand, to the number of guests registered that week:
a) Perform a linear regression that relates bar sales to guests (not to time).
b) If the forecast is for 20 guests next week, what are the sales expected to be?
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Step by Step Answer:
a b If the forecast is for 20 guests the bar sales forecast is 5...View the full answer
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