An analyst engaged in the tourism industry obtained detailed information on 76 travel packages offered by a
Question:
An analyst engaged in the tourism industry obtained detailed information on 76 travel packages offered by a Viennese travel agency. The file Travel contains the following variables:
a. Develop a regression model to predict travel price based on distance.
b. Develop a regression model to predict travel price based on mark.
c. Develop a regression model to predict travel price based on distance and mark.
d. Compute and interpret the adjusted r2 for each of the three models.
e. Which of the three models do you think is the best predictor of price?
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Related Book For
Basic Business Statistics
ISBN: 9781292265032
14th Global Edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan
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