The manager of Sarahs Ice Cream store needs an accurate forecast of the demand for ice cream.
Question:
a. Develop a linear regression model for this data and fore-cast the ice cream consumption if the average weekly day-time temperature is expected to be 27°C.
b. Determine the strength of the linear relationship between temperature and ice cream consumption using correlation.
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Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-1118301173
1st Canadian Edition
Authors: Roberta S. Russell, Bernard W. Taylor, Ignacio Castillo, Navneet Vidyarthi
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