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The following data relate the sales figures of the bar in Mark Kaltenbach's small bed-and-breakfast inn in Portand, to the number of guests registered that week:
a) Perform a linear regression that relates bar sales to guests (not to time).
b) If the forecast is for 20 guests next week, what are the sales expected to be?
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Compute the forecasts for each month using exponential smoothing, with an initial forecast for January of $1.80. Use a = .1, then a = .3, and finally a = .5. Using MAD, whic
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