Need both b and c ←Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may berelated to the number of television appearances by the popular group Maroon 5 during the previousmonth. Gershon has collected the data shown in the following table:Maroon 5 TV AppearancesDemand for Guitars345678 4D56 911 7This exercise contains only parts b, c, and d.b) Using the least-squares regression method, the equation for forecasting is (round your responsesto four decimal places):Y .32 1.088 xc) The estimate for guitar sales if Maroon 5 performed on TV 10 times = 12.14 sales (round yourresponse to two decimal places).

The forecasting method helps the organization by making accurate predictions about the future value…

Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous month. Gershon has collected the data shown in the following table: Maroon 5 TV Appearances Demand for Guitars 3 4 5 6 7 6 9 5 8 4 11 7 This exercise contains only parts b, c, and d. b) Using the least-squares regression method, the equation for forecasting is (round your responses to four decimal places): Y 32+ 1.088 x c) The estimate for guitar sales if Maroon 5 performed on TV 10 times = 12.14 sales (round your response to two decimal places).

Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous month. Gershon has collected the data shown in the following table: Maroon 5 TV Appearances Demand for Guitars 3 4 5 6 7 6 9 5 8 4 11 7 This exercise contains only parts b, c, and d. b) Using the least-squares regression method, the equation for forecasting is (round your responses to four decimal places): Y 32+ 1.088 x c) The estimate for guitar sales if Maroon 5 performed on TV 10 times = 12.14 sales (round your response to two decimal places).

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.4: Multiple Regression Models

Problem 13P: A trucking company wants to predict the yearly maintenance expense (Y) for a truck using the number...

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