Question: The analysis has been re-run with only three independent variables: advertising, lift-ticket price, and snow. Variable Coefficient Standard Error t Stat P-value Intercept 116,973 54283.22

The analysis has been re-run with only three independent variables: advertising, lift-ticket price, and snow. Variable Coefficient Standard Error t Stat P-value Intercept 116,973 54283.22 2.15 0.039 Advertising 18,813 8617.54 2.18 0.036 Lift-Ticket Price 2,260 1,142.40 1.98 0.050 Snow 59.3 31.65 1.88 0.070 Using this regression model, what is the forecast for next week if $900 will be spent on next weeks advertising, liftticket price will be $30, and this weeks snow fall is 10 inches?
You are forecasting the weekly number of skiers for the Big Powder ski resort with a multiple regression analysis based on four independent variables: Weekly Advertising (in \$1,000s), Average Weekly Hotel Price (in \$), Average Weekly Lift-Ticket Price (in \$), and Previous Week's Snow Fall (in inches). Summary information appears in the table below. Assume the data have been screened and there are not any problems identified with necessary conditions. Use =10%
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