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Given the Data Above for the first 20 days Daily Sales of a new restaurant, use a Regression Tool like DATA ANALYSIS in Excel
Given the Data Above for the first 20 days Daily Sales of a new restaurant, use a Regression Tool like DATA ANALYSIS in Excel and find each of the following: Slope of Regression Equation- Hint: Value should be between 1.6 and 3.3 Y Intercept for the Regression Equation Correlation Coefficient (Round to Nearest 100h, eg, 0.9762123-0.98) (Round to Coefficient of Determination - Nearest 100, eg, 095299 - 0.95) Using your Regression Equation, Prediet Dally Sales for Perlods t-21, t-22, and t-23: Daily Sales (21)- Daily Sales (22)- Daily Sales (23)- Unless otherwise stated, Reund all answers to the nearest "tenth", eg, 16.41234- 16.4 Enter whole aumbers like 24 as 24.0 Time Period t Daily Sales 42 2 50 3. 39 4 60 46 60 7. 51 52 9. 69 10 61 11 67 12 72 13 74 14 76 15 68 16 71 17 83 18 63 19 95 20 101
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