a Develop a linear regression equation for air conditioner sales as a function of the average weekly temperature. b Forecast air conditioner sales if the average weekly temperature is 88 degrees Fahrenheit. c Evaluate the "goodness of fit" of the regression equation by computing the values of R2, r, and Sxy and interpret the results.

a Develop a linear regression equation for air conditioner sales as a function of the average weekly temperature. b Forecast air conditioner sales if the average weekly temperature is 88 degrees Fahrenheit. c Evaluate the "goodness of fit" of the regression equation by computing the values of R2, r, and Sxy and interpret the results.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section: Chapter Questions

Problem 32P

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