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Help Build a forecast Please! Forecast - Conduct a forecast by choosing and using simple regression analysis given data as an input, and evaluate the
Help Build a forecast Please!
Forecast - Conduct a forecast by choosing and using simple regression analysis given data as an input, and evaluate the forecast result by the criteria of the regression equation.
Use the following scenario and data:
- Scenario - FlyHigh airlines are test marketing their boxed snacks sold on their short flights. FlyHigh selected 15 different markets for a quarter-long sales test. For the entire quarter, the boxed snack was sold onboard at 4 different prices starting at $8.50 a box. Data was collected on the average income of the passenger aboard the flights. Data were also collected that represented a snack purchased off-board (presumably in the airport) and carried on by the passenger. The number of passengers that this boxed snack was available to and the ultimate quantity sold was also collected.
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