Use Linear Regression to Develop a Predictive Model for Demand

question 102

Essay

Use linear regression to develop a predictive model for demand for burial vaults based on sales of caskets. $$\begin{array} { l l l } \text { Year } & \text { Sales of Caskets } ( 000 ) & \text { Demand for Vaults } ( 000 ) \\\hline 1 & 8 & 5 \\2 & 7 & 2 \\3 & 10 & 6 \\4 & 6 & 4\end{array}$$

---

Definitions:

Hospice Care

Specialized care designed to provide support and comfort to patients in the final phase of a terminal illness.

Repositioning

The act of moving or adjusting the position of a patient or an object to improve comfort, function, or well-being.

Respirations

The process of breathing; specifically, the inhaling and exhaling of air, which is crucial for life.

Congested

Congested describes areas or situations where overcrowding causes blockage or impeded movement, often referring to traffic or nasal passageways.