The following data relate the sales figures of the bar in Mark Kaltenbachs small bed- and- breakfast
Question:
The following data relate the sales figures of the bar in Mark Kaltenbach’s small bed- and- breakfast inn in Portand, to the number of guests registered that week:
a) Perform a linear regression that relates bar sales to guests (not to time).
b) If the forecast is for 20 guests next week, what are the sales expected to be?
Transcribed Image Text:
BAR SALES WEEK GUESTS $330 16 12 270 18 380 300 14
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a b If the forecast is for 20 guests the bar sales forecast is 5...View the full answer
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