In order to forecast the attendance at an annual tennis tournament,a model has been developed which uses attendance from the previous year and the amount spent for advertising this year.From the years shown in the table,forecast the attendance for years 2-5 and calculate the forecast error.
The multiple regression model is Attendance = 6738 + .23($)+ .25 (Attlag)
Definitions:
Voluntary
Undertaken by choice or without coercion; an act done willingly.
Norms
Shared standards or rules that govern behaviors within a group or society, indicating what is considered appropriate or acceptable.
Morals
Principles or beliefs concerning what is right and wrong behavior, guiding individual conduct and decision-making.
Ethics
Moral principles that govern a person's behavior or the conducting of an activity.
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