Euro Rail ridership during the summer months is believed to be closely related to the number of

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Euro Rail ridership during the summer months is believed to be closely related to the number of tourists visiting Europe. The following table shows the data on number of tourists and Euro Rail ridership for the past 15 years:

Euro Rail Ridership (in millions) Year Number of Tourists (in millions) 2000 2.3 2001 4 1.9 2002 1.7 2003 1.8 2004 12 2.


1. Develop a linear regression equation for Euro Rail ridership as a function of the average number of tourists visiting Europe.

2. Forecast Euro Rail ridership if the average number of tourists visiting Europe is 19.2 million.

3. Evaluate the €œgoodness of fit€ of the regression equation by computing the values of R2, r, and syx and interpret the results.

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Operations Management Managing Global Supply Chains

ISBN: 978-1506302935

1st edition

Authors: Ray R. Venkataraman, Jeffrey K. Pinto

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