Answer the following IN YOUROWN WORDS. Respond to each of th
Answer the following IN YOUROWN WORDS. Respond to each of the following in a minimum of 175 words. It willbe ran thru a plagiarism checker, thanks.The Tasty Sub Shop Case:A business entrepreneur uses simple linear regressionanalysis to predict the yearly revenue for a potential restaurant site on thebasis of the number of residents living near the site. The entrepreneur thenuses the prediction to assess the profitability of the potential restaurantsite.AndThe QHIC Case:The marketing department at Quality Home Improvement Center(QHIC) uses simple linear regression analysis to predict home upkeepexpenditure on the basis of home value. Predictions of home upkeep expendituresare used to help determine which homes should be sent advertising brochurespromoting QHIC’s products and services.1. the difference in the type of prediction in both cases andprovide rational of the reasons that these predictions were used.2.how important are predictions of home upkeep ?3. How can you use this in everyday life situations?
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