In order to forecast the attendance at an annual tennis tournament, a model has been developed which uses attendance from the previous year and the amount spent for advertising this year. From the years shown in the table, forecast the attendance for years 2-5 and calculate the forecast error. $$\begin{array} { c c c c c }
\text { Year } & \text { Attendance } & \begin{array} { c }
\text { Advertising } \
\text { Expenditure }
\end{array} & \text { Forecast } & \text { Error } \
\hline 1 & 8363 & 750 & & \
2 & 9426 & 1250 & & \
3 & 9318 & 3200 & & \
4 & 10206 & 4500 & & \
5 & 11018 & 5600 & &
\end{array}$$ The multiple regression model is Attendance = 6738 + .23($) + .25 (Attlag)

Question

In order to forecast the attendance at an annual tennis tournament, a model has been developed which uses attendance from the previous year and the amount spent for advertising this year. From the years shown in the table, forecast the attendance for years 2-5 and calculate the forecast error. $$\begin{array} { c c c c c } 
\text { Year } & \text { Attendance } & \begin{array} { c } 
\text { Advertising } \
\text { Expenditure }
\end{array} & \text { Forecast } & \text { Error } \
\hline 1 & 8363 & 750 & & \
2 & 9426 & 1250 & & \
3 & 9318 & 3200 & & \
4 & 10206 & 4500 & & \
5 & 11018 & 5600 & &
\end{array}$$ The multiple regression model is Attendance = 6738 + .23($) + .25 (Attlag)

Quizplus · Accepted Answer

The Answer of In order to forecast the attendance at an annual tennis tournament, a model has been developed which uses attendance from the previous year and the amount spent for advertising this year. From the years shown in the table, forecast the attendance for years 2-5 and calculate the forecast error. $$\begin{array} { c c c c c } 
\text { Year } & \text { Attendance } & \begin{array} { c } 
\text { Advertising } \
\text { Expenditure }
\end{array} & \text { Forecast } & \text { Error } \
\hline 1 & 8363 & 750 & & \
2 & 9426 & 1250 & & \
3 & 9318 & 3200 & & \
4 & 10206 & 4500 & & \
5 & 11018 & 5600 & &
\end{array}$$ The multiple regression model is Attendance = 6738 + .23($) + .25 (Attlag)

In Order to Forecast the Attendance at an Annual Tennis