What is the regression equation? Use the equation to forecast pool attendance if temperature is 88°
What is the regression equation? Use the equation to forecast pool attendance if temperature is 88°
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 40P: The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels....
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Please complete all work in excel. Use excel to make any necessary calculations and be sure to identify your answer, including units (if necessary). Answers that need formulas must have them within the answer cell to receive full credit.
- City is trying to determine future demand for their public pool in order to help with staffing decisions. City thinks that demand could be related to temperature in Fahrenheit. Below is the most recent data from the last two weeks.
Pool Attendance |
Temperature (°F) |
150 |
89 |
100 |
82 |
125 |
81 |
130 |
86 |
155 |
93 |
170 |
98 |
200 |
99 |
180 |
87 |
190 |
88 |
140 |
83 |
120 |
82 |
90 |
81 |
130 |
87 |
120 |
93 |
- What is the regression equation?
- Use the equation to
forecast pool attendance if temperature is 88°
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