A local gym has discovered that their demand for personal trainers (measured in hours) is related not only to their own advertising expenditures in the prior month, but also to the demand for doughnuts and swim gear in the prior month at neighboring stores. The gym has developed the following regression model to forecast demand for personal trainers:
Demand = 185 + (0.15∗advertising expenditures) - (0.05∗doughnuts) + (0.23∗swim gear sales)
What is the forecast for October, given advertising expenditures of 1000, doughnut sales of 2450, and swim gear sales of 782 in September?
Correct Answer:
Verified
Q80: The following sales data are available
Q81: Sally has been running the following
Q82: A _ is an up-and-down repetitive movement
Q83: The following data summarizes the historical
Q84: Consider the following annual sales data
Q86: The following data summarizes the historical
Q87: The following data summarizes the historical
Q88: A rendering plant wishes to use
Q89: _ methods are the most common type
Q90: _ is a category of statistical techniques
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents