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Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular
- Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous month. Mark has collected the data shown in the following table: (10 points)
Demand for Guitars | Maroon 5 TV appearances |
3 | 3 |
6 | 4 |
7 | 7 |
51 | 6 |
10 | 8 |
7 | 5 |
- Use the regression method to derive a forecasting equation.
- What is your estimate for guitar sales if Maroon 5 performed on TV nine times last month?
- What is the coefficient of determination (r2) and what does it mean?
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Convex Optimization
Authors: Stephen Boyd, Lieven Vandenberghe
1st Edition
1107299527, 9781107299528
