Question: Refer to Cliffs Fresh Stacks Pancake Restaurant in E6-53B. Use Excel 2007 to run a regression analysis, then do the following calculations. Requirements 1. Determine

Refer to Cliff€™s €œFresh Stacks€ Pancake Restaurant in E6-53B. Use Excel 2007 to run a regression analysis, then do the following calculations.

Requirements
1. Determine Cliff€™s monthly operating cost equation (use the output from the Excel regression).
2. Based on the R-square shown on the regression output, how well does this cost equation fit the data?

Month Number of Pancakes Total Operating Costs $2,340 2,530 2,440 2,290 2,560 2,510 September October November.... 3,700 4,000 ....3,850

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Req1 Regression Statistics Multiple R 0566678 R Square 0321124 Adjusted R Square 0151... View full answer

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