Question: Using historical data, a ski resort has created a regression formula for forecasting daily demand (i.e. number of customers) based on the inches of snow
Using historical data, a ski resort has created a regression formula for forecasting daily demand (i.e. number of customers) based on the inches of snow on the ground and whether or not it's a Saturday or Sunday. 65 + 25(number of inches of snow on the ground) + 40(1 if it's a Saturday/Sunday, 0 if it's a weekday). True or false, this formula means that weekends are always busier than weekdays regardless of the amount of snow on the ground.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
