Question: B. Enzo, Hotel manager, would like to develop a cost model to predict the future costs of running the hotel. Unfortunately, the only available data
B. Enzo, Hotel manager, would like to develop a cost model to predict the future costs of running the hotel. Unfortunately, the only available data is the level of activity (number of guests) in a given month and the total costs incurred in each month. Being a new hire at the company, the manager assigns you the task of anticipating the costs that would be incurred in the following month (September). He anticipates that the number of guests in September will be 3,000. Given the dataset below, develop a 3. cost model and 4. predict the costs that will be incurred in September. Month Number of Guests Total Costs January 1,500 143.000 February 2,300 203,100 March 1.000 105,450 April 4,323 454,225 May 4,545 371,225 June 3,541 296.225 July 4.312 353,945 August 2,143 191,237 September 3,000
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