Let's say your company is considering branching out into cold beverages. You have been asked to come up with a regression model to forecast monthly sales of cold beverages for the next year. Think about what variables you might include in your model.
Your manager asks for your thoughts.© BrainMass Inc. brainmass.com December 24, 2021, 6:06 pm ad1c9bdddf
The monthly sales of cold beverages can be a function of the following variable:
1. Weather (W), i.e. average monthly ...
The solution provides detailed discussion, including suggestions for the variables that can be used in the regression model.