Question
Regression question: What is the adjusted R2 of this model? According to this model, what would be the forecast for Fizzy Ice Creams on a
Regression question: What is the adjusted R2 of this model? According to this model, what would be the forecast for Fizzy Ice Creams on a Sunday in which average temperature is 89 degrees Fahrenheit?
Sarah believes that demand for her Fizzy Ice Creams will be determined by temperature and day of the week. She has built a regression model to predict Fizzy Ice Creams demand using the following two variables:
- Variable 1: Temperature
- Variable 2: Weekday or not
Demand data for the last 30 days is available in Table 3, as well as average daily temperature (in Farenheit) and day of the week information.
What is the adjusted R2 of this model?
According to this model, what would be the forecast for Fizzy Ice Creams on a Sunday in which average temperature is 89 degrees Fahrenheit?
Table 3:
Day | Demand | Temperature | Day of the week |
---|---|---|---|
1 | 88 | 88 | Monday |
2 | 87 | 93 | Tuesday |
3 | 74 | 83 | Wednesday |
4 | 88 | 73 | Thursday |
5 | 86 | 74 | Friday |
6 | 122 | 83 | Saturday |
7 | 85 | 70 | Sunday |
8 | 66 | 78 | Monday |
9 | 56 | 77 | Tuesday |
10 | 52 | 70 | Wednesday |
11 | 66 | 67 | Thursday |
12 | 78 | 69 | Friday |
13 | 114 | 71 | Saturday |
14 | 90 | 75 | Sunday |
15 | 52 | 69 | Monday |
16 | 56 | 76 | Tuesday |
17 | 63 | 80 | Wednesday |
18 | 53 | 78 | Thursday |
19 | 74 | 67 | Friday |
20 | 90 | 79 | Saturday |
21 | 90 | 84 | Sunday |
22 | 64 | 84 | Monday |
23 | 50 | 84 | Tuesday |
24 | 79 | 69 | Wednesday |
25 | 87 | 79 | Thursday |
26 | 64 | 81 | Friday |
27 | 116 | 78 | Saturday |
28 | 87 | 82 | Sunday |
29 | 76 | 74 | Monday |
30 | 88 | 77 | Tuesday |
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