The Walt Disney Company is examining the factors influencing its theme park attendance. They collected data over the past decade on attendance numbers and various factors such as ticket prices, marketing expenditures, and economic indicators. Using multiple linear regression, analyze the data to determine the impact of these factors on attendance. For instance, if the model shows that for every $100,000 increase in marketing expenditure, attendance increases by 500 visitors, and for every $10 increase in ticket prices, attendance decreases by 50 visitors, calculate the predicted attendance for a year with a marketing expenditure of $2,500,000 and an average ticket price of $100.<\/p>
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