Question: Chapter 4 - Forecasting The following data relate the sales figures of the bar in Mark Kaltenbach's small bed-and-breakfast inn in Portland, to the number

Chapter 4 - Forecasting The following data relate

Chapter 4 - Forecasting The following data relate the sales figures of the bar in Mark Kaltenbach's small bed-and-breakfast inn in Portland, to the number of guests registered this week: a) Perform a linear regression that relates bar sales to guests (not to time) b) What is the coefficient of correlation? Is it strong, mild or weak? Explain c) If the forecast is for 20 guests next week, what are the sales expected to be? Week 1 2 3 Guests 24 23 26 36 $ $ $ $ Bar Sales 330 270 380 300 |

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