Question: Linear regression was used to develop the slope and intercept values for a forecast equation in Y (sales volume) and X (customer traffic) using the
Linear regression was used to develop the slope and intercept values for a forecast equation in Y (sales volume) and X (customer traffic) using the data below (sales in million dollars; customers in thousands). Forecast the sales volume when the customer level is 22. a = -0.158; b = 0.131.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
