Question: ask 1. Assume that Boston Hotel uses regression method for forecasting. The number of breakfast customers is forecasted based on number of rooms sold. Run

ask 1. Assume that Boston Hotel uses regression method for forecasting.

ask 1. Assume that Boston Hotel uses regression method for forecasting. The number of breakfast customers is forecasted based on number of rooms sold. Run regression analysis on Excel to explore the relationship between number of rooms sold and number of breakfast customers. You need to use the "Regression" function in Excel under Data/Data Analysis/Regression to complete this task. Once you run the regression analysis, save the summary output from the regression analysis and construct the linear function in the form Y= Intercept +X, where Y equals number of breakfast customers, X is number of rooms sold and is the change in number of breaksfast customers when number of rooms sold increases by one unit. If 16,306 rooms are forecasted for January 2021 , how many breakfast customers are forecasted to be served in January 2021? Use the linear function constructed in part a, to complete this question. Determine the coefficient of correlation and coefficient of determination from the regression analysis. Interpret these statistics

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