You own a restaurant near the beach. Business has been growing each year, but obviously spikes...
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You own a restaurant near the beach. Business has been growing each year, but obviously spikes during the summer months. A regression produces the following equation: M = 30,000 + 515t + 1,000S Where M is monthly sales, t is years past 2010, and S is a dummy variable for the summer months. If the month is June, July, or August, insert a "1". If not, the value for S is zero. What are the predicted sales for June 2024? Enter as a value. You own a restaurant near the beach. Business has been growing each year, but obviously spikes during the summer months. A regression produces the following equation: M = 30,000 + 515t + 1,000S Where M is monthly sales, t is years past 2010, and S is a dummy variable for the summer months. If the month is June, July, or August, insert a "1". If not, the value for S is zero. What are the predicted sales for June 2024? Enter as a value.
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To predict the sales for June 2024 we need to substitute the values into the given equat... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0133025071
2nd canadian edition
Authors: Karen W. Braun, Wendy M. Tietz, Rhonda Pyper
Posted Date:
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