Use linear regression to develop a predictive model for demand for ironing board covers based on sales of irons.

Year——–Sales of Irons (000)—-Demand for Covers (000)
1—————8——————————-5
2—————7——————————-2
3————— 10——————————- 6
4————— 6——————————- 4

A) Develop the equation.
B) What is the coefficient of correlation for this data?

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Use linear regression to develop a predictive model for demand for ironing board covers based on sales of irons.

Year——–Sales of Irons (000)—-Demand for Covers (000)
1—————8——————————-5
2—————7——————————-2
3————— 10——————————- 6
4————— 6——————————- 4

A) Develop the equation.
B) What is the coefficient of correlation for this data?

Leave a Reply

Your email address will not be published. Required fields are marked *