quality one consulting currently has three offices in southern california. the following table shows each offices...
quality one consulting currently has three offices in southern california. the following table shows each offices account numbers and profits. quality one is planning to open a new office in north ridge. please use linear regression method o forecast the profits that would be generated from north ridge office.
| office | pasadena | long beach | beverly hills | northridge |
| # of office accounts (x) | 7 | 4 | 7 | 4 |
| profits (7) in $ millions | 10 | 3 | 8 | ??? |
1. what is the parameter value of b in linear regression function?
2. assume the parameter value of b is -2. use the assumed value b= -2 to calculate the parameter value of a in the linear regression function.
3. assume the parameter values to forecast the profits from north ridge office.
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