Excellent predictor of ice cream sales in linear regression

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A local ice cream shop in a beautiful Miami beach realizes that its ice cream sales go up along with the number of shark attacks. Assume you are the owner of the shop and you realize that shark attack can be an excellent predictor of ice cream sales in a linear regression setup. How do you specify the model? Do you see any potential problems related to your justification and model specification? How do you propose to improve it?

Reference no: EM13982621

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