The final score in a statistics course follows a normal distribution with mean 68
Causal (Associative) Forecasting; Regression Analysis
Hotel A wants to see the impact of three independent variables, loyalty program tier (X1), price (X2), and location (X3), on its revpar (Y). The multiple regression line caluculated is as following:
Y = 2.5 + 2.1(X1) + 0.8(X2) – 4.5(X3)
Forecast Hotel A’s revpar for the following conditions a and b:
|
|
X1 (loyalty program tier) |
X2 (price) |
X3 (location) |
|
a |
2 |
299 |
3.5 |
|
b |
4 |
199 |
6.5 |