Based on your work experiences or your hobbies/interests, describe a situation w

Question

Based on your work experiences or your hobbies/interests, describe a situation where a simple linear regression model could be developed. Make sure to define the numerical dependent variable of interest and the numerical predictor variable of interest. Based on your work experiences or your hobbies/interests, describe a situation where a simple linear regression model could be developed. Make sure to define the numerical dependent variable of interest and the numerical predictor variable of interest.

Explanation / Answer

Demand of a product vs week

Dependent Variable- Demand

Independent Variable- Week

The above is an example caselet data

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Demand Week 310 1 330 2 350 3 330 4 350 5 365 6 405 7 425 8 445 9 425 10 445 11 465 12 480 13 495 14 535 15 555 16 575 17 595 18

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