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Assume that management expects to sell 1 0 , 8 0 0 room nights in a month when the average daily high outdoor temperature is
Assume that management expects to sell room
nights in a month when the average daily high outdoor
temperature is expected to be degrees. Predict
the hotel's occupancy costs for the month using the
output for the multiple regression that you created for
Grand. Round all amounts used in your calculations to
two decimal places.
A $
B $
C $
D $
Between the simple linear regression and the multiple
regression that you created for Grand, which regression
model is a better predictor of monthly occupancy costs?
How do you know?
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