Sub shop case-home improvement ctr case

Reference no: EM132464727

Sub Shop Case:

A business uses simple linear regression analysis to predict the yearly revenue for a potential site based on the number of residents living near the site. The company then uses the prediction to assess the profitability of the possible restaurant site.

And

Home Improvement Ctr Case:

The marketing department at Home Improvement Center uses simple linear regression analysis to predict home maintenance spending on the basis of home value. Predictions of maintenance spending are used to help determine which homes should be sent advertising brochures promoting HIC's products and services.

What is the difference in the type of prediction in each cases and provide rational of the reasons that these predictions were used.

Reference no: EM132464727

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