Demand and cost for parking in san fransisco is linear

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Assuming that demand and cost for parking in San Fransisco is linear, develop a generalized linear model expressing Table 1 from the article. The solution should be the price of off-street parking under the SF park plan.

Table 1 Off-street parking rate variations is three months. Hourly rates based on demand vary over five time periods: midnight–9 AM, 9 AM–noon, noon–3 PM, 3 PM–6 PM, 6 PM–midnight Early bird specials for commuters who arrive before 8:30AM charged as flat rates that significantly discount the cost of all-day parking Off-peak discounts for drivers who enter the garage before the morning rush hour (7 AM) or leave after the evening rush hour (7 PM) Monthly rates that vary depending on whether a space is reserved or used for carpooling Daily maximum rates charged for 24 h of parking Merchant validations that reduce or entirely cover a driver's parking cost.

Reference no: EM132241715

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