The manager of a hotel is considering expanding his hotel. Below are the number of nights the hotel was at least 95% booked during each of the last 7 years. Year 1 2 3. 4 5 Nights booked 16 21 24 28...


The manager of a hotel is considering expanding his hotel. Below are the number of<br>nights the hotel was at least 95% booked during each of the last 7 years.<br>Year<br>1<br>2<br>3.<br>4<br>5<br>Nights<br>booked<br>16<br>21<br>24<br>28<br>32<br>34<br>39<br>Find the least squares regression equation that expresses the number of nights that<br>are 95% booked each year as a linear function of time. Compute the forecasts for the<br>years 8 and 9 using this model. Show all steps.<br>

Extracted text: The manager of a hotel is considering expanding his hotel. Below are the number of nights the hotel was at least 95% booked during each of the last 7 years. Year 1 2 3. 4 5 Nights booked 16 21 24 28 32 34 39 Find the least squares regression equation that expresses the number of nights that are 95% booked each year as a linear function of time. Compute the forecasts for the years 8 and 9 using this model. Show all steps.

Jun 03, 2022
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