Question: . IMPORTANT: The above regression problem was run in Excel using Coffee Drinks Per Day as YVariable (also known as the Dependent Variable), and, Tourists
IMPORTANT: The above regression problem was run in Excel using Coffee Drinks Per Day as YVariable (also known as the Dependent Variable), and, Tourists as X-Variable (also known as the Independent Variable). The reason for making this arrangement is because the goal of the coffee house owner is to develop a regression equation to forecast for Number of Coffee Drinks based on the Number of Tourists who came to the resort area. As a rule-of-thumb, the variable of which one is attempting to make forecasts for is going to be the Y-Variable. Please write the Regression Equation for the data. (Enter your response here) What does a Coefficient of Determination measure? (Enter your response here) What is the Coefficient of Determination for the data. (Enter your response here) What does a Correlation Coefficient measure? (Enter your response here) What is the Correlation Coefficient for the data. (Enter your response here) The owner of Koffi, the sole coffee house located in a Takayama resort area, wants to develop a forecast based on the relationship between tourism and coffee drinks sold. She has generated the following data over the past 12 months: The output from running Data Analysis' Regression tool in Excel is as follows: SUMMARY OUTPUT
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