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Compute the regression equation

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Hard Rock Cafe is trying to improve its forecasting by using a simple regression model. Data for the past 8 years has been collected.

Year Guest Count Advertising
(in millions) (in $ thousands)

1 21 14
2 24 27
3 27 25
4 32 25
5 25 35
6 37 35
7 43 45
8 43 50

a) Compute the regression equation.

b) In the context of this problem, interpret a and b

Reference no: EM132701401

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