Develop a linear regression model

Reference no: EM1396228

Carpet City wants to develops a means to forecast it carpet sale. The store manager believes that the store's sale are directly related to the number of new housing starts in town. The manager has gathered data from county records on monthly house construction permits and from store records on monthly sales.

Monthly Carpet Sales 1,0000 yd Monthly Construction Permit

5 21

10 35

4 10

3 12

8 16

2 9

12 41

11 15

9 18

14 26

Develop a linear regression model for these data and forecast carpet sales if 30 construction permit for new homes are filed.

Determine the strength of the casual relationship between monthly sales and new home construction by using correlation.

Reference no: EM1396228

Questions Cloud

What is the likely origin of the recombinants : In peas, the genes a, b, c, d, e and f are linked on chromosome V and in the order given and the map distances are RF(a-b)=7 cM, RF(b-c) = 17 cM, RF(c-d) = 12 cM, RF (d-e) = 14 cM RF(e-f)= 10 cM.

Time series analysis of ice cream production : The Bee line Café is well known for its popular homemade ice cream, which it makes in a small plant in back of the café. People drive long distance to buy the ice cream.

Proportion of viewers watching the channels : At the .05 significance level, is there a difference in the proportion of viewers watching the three channels?

Find primary determinant of the fate of pyruvic acid : Possible fates of pyruvic acid in a bactrium? What is the primary determinant of the fate of pyruvic acid? What is the fate of compounds to which pyruvic acid may be converted?

Develop a linear regression model : Carpet City wants to develops a means to forecast it carpet sale. The store manager believes that the store's sale are directly related to the number of new housing starts in town.

Describe sealed and unsealed tubes : All enterics are facultative anaerobes; that is, they have both respiratory and fermentative enzymes. What color results would you expect for organisms in O-F glucose media inoculated with an enteric.

People walk related to their cholesterol levels : A health researcher is interested in determining whether or not the speed at which people walk is related to their cholesterol levels. He picks 100 adult volunteers at random, checks their cholesterol levels, and then times each one while they wal..

Explain the physical and social world leonard is thrust : Explain the physical and social world Leonard is thrust into, as showed through visual elements. Be particular- point to places.

Actual swipe rates by subway riders : Passengers using New York's MetroCard system must swipe the card at a rate between 10 and 40 inches per second, or else the card must be re-swiped through the card reader. Research shows that actual swipe rates by subway riders are uniformly distr..

User Account

All Pages