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Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related...

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

3

4

7

5

9

6

Demand for Guitars

2

6

8

6

10

8

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=_+_x

fill in the blacks

Solutions

Expert Solution

Demand Forecast


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