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A Yield Manager Needs to Study the Following to Forecast

question 1

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A yield manager needs to study the following to forecast the supply and demand pattern of the hotels except:


Definitions:

Linear Model

A statistical approach to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Contestant

An individual who participates in a competition or contest.

Least Squares Regression

A statistical method that finds the best-fitting line through data points by minimizing the sum of the squared differences between observed and predicted values.

Scatter Diagram

A graphical representation that displays the relationship between two quantitative variables by plotting them as points in a coordinate system.

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