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In: Statistics and Probability

The manager of alarge hotel on the Riviera in southern France wanted to forecast the monthly...

The manager of alarge hotel on the Riviera in southern France wanted to forecast the monthly vacancy rate (as a percentage) during the peak season.   After considering a long list of potential variables, she identified two variables that she believed were most closely related to the vacancy rate: the average daily temperature and the value of the currency in American dollars. She collected data for 23 months.

                  a.   Perform a regression analysis using a first-order model with interaction.

                  b.   Perform a regression analysis using a second-order model with interaction.

                  c.   Which model fits better? Explain.

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Answer:--- Date:--19/06/2019

orchestra answered 1 year ago
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