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You own a restaurant near the beach. Business has been growing each year, but obviously spikes during the summer months. A regression produces the following
You own a restaurant near the beach. Business has been growing each year, but obviously spikes during the summer months. A regression produces the following equation:
M = 30,000 + 548t + 1,000S
Where M is monthly sales, t is years past 2010, and S is a dummy variable for the summer months. If the month is June, July, or August, insert a "1". If not, the value for S is zero.
What are the predicted sales for June 2026?
Enter as a value.
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