Question: Chapter 3) 1. Use linear regression to develop a predictive model for demand for ironing board covers based on sales of irons. (40) Sales of

Chapter 3) 1. Use linear regression to develop a

Chapter 3) 1. Use linear regression to develop a predictive model for demand for ironing board covers based on sales of irons. (40) Sales of Irons Year 1 Demand for Covers 5000 8000 2 7000 2000 3 10000 6000 4 6000 4000 (i) Develop the equation. (ii) If the demand for the cover is 8000 units, forecast the sales amount

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