Question: Suppose we have a very large data set with variables Sales, Temperature, Windspeed, Humidity, and Budget We wish to create a model with the following
Suppose we have a very large data set with variables Sales, Temperature, Windspeed, Humidity, and Budget
We wish to create a model with the following interpretation: When comparing sales on days of the same temperature, an increase in budget by $ will increase the predicted sales by
To create a model that will answer this question, how would we proceed?
Question options:
Use Y Sales. Use two or more Xvariables: include Temperature and Budget, and additionally may additionally include Windspeed and Humidity.
Use Y Sales. Use X Budget.
Use Y Temperature. Use the Xvariables Sales and Budget.
Use Y Sales. Use two or more Xvariables: use Temperature and Budget, and may additionally include windspeed and humidity.
Use Y Sales. Use exactly two Xvariables: Temperature and Budget.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
