Question

Mark​ Gershon, owner of a musical instrument​ distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous month. Gershon has collected the data shown in the following​ table:                                                                                                          Maroon 5 TV Appearances 3 5 8 5 9 7 Demand for Guitars 4 6 6 4 9 6 This exercise contains only parts​ b, c, and d. ​b) Using the​ least-squares regression​ method, the equation for forecasting is ​(round your responses to four decimal ​places)​:

Answer 1

The equation for forecasting is: y = 1.5703 + 0.6913 * x