Tasty sub shop case, A business entrepreneur uses simple

Tasty sub shop case

Assignment Help Basic Statistics

Reference no: EM132464706

The Tasty Sub Shop Case:

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

And

The QHIC Case:

The marketing department at Quality Home Improvement Center (QHIC) uses simple linear regression analysis to predict home upkeep expenditure on the basis of home value. Predictions of home upkeep expenditures are used to help determine which homes should be sent advertising brochures promoting QHIC's products and services.

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

Reference no: EM132464706

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