Regression

Decision Science Test 2 QUESTION 1 15 NIARKS Clustering is where a number of businesses offering the same goods or services are located in the same area or in close proximity to each other. A group of Mstudents set out to study the effects of \"Clustering\" using Real Deal Auto parts companies on WPRFR Road as their sample. The}r gathered data from Real Deal Auto on daily revenue and the number of companies in close proximity. This data is listed in the table below nan-Emma 3'1000 Number companies in close Er-bEx a: II b = NEW212? nExz-(ExF nExy-Exr ang-(E! XJIEF-{Eyli USE EQUATIONS above to answer the following question. a) Develop the least square estimated regression equation 5 marks b) Describe the relationship between the variables 3 marks c} Is this model a good predictor. \"Thy ? 4 marks 11) Based on this mode], what daily revenue can Real Deal Auto expect if there are 8 companies in close proximity 3 marks