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Causal (Associative) Forecasting; Regression Analysis Hotel A wants to see the impact of three independent variables, loyalty program tier (X1), price (X2), and location (X3),
Causal (Associative) Forecasting; Regression Analysis
Hotel A wants to see the impact of three independent variables, loyalty program tier (X1), price (X2), and location (X3), on its revpar (Y). The multiple regression line caluculated is as following:
Y = 2.5 + 2.1(X1) + 0.8(X2) 4.5(X3)
Forecast Hotel As revpar for the following conditions a and b:
| X1 (loyalty program tier) | X2 (price) | X3 (location) |
a | 2 | 299 | 3.5 |
b | 4 | 199 | 6.5 |
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