Question

Recall your hypotheses about the impact of the independent variables on the number of daily check-ins. Are there any coefficients that surprise you or contradict your original hypotheses? Develop a possible explanation for why the estimated coefficients might make sense in the context of the problem. Do the coefficients for payday or any of the holidays surprise you? What was your original hypothesis for those variables? Interpret the coefficients and explain why they support or contradict your intuition. Do any of the coefficients for day of the week surprise you? What was your original hypothesis for those variables? Interpret the coefficients and explain why they support or contradict your intuition. Do any of the coefficients for the number of rooms reserved on a given day to a particular type of guest (TotalRewards, SpecialEvent, VIP, FreeIndependent, Wholesale, Group) surprise you? What was your original hypothesis for those variables? Interpret the coefficients and explain why they support or contradict your intuition. Does the coefficient Rate surprise you? What was your original hypothesis for that variable? Interpret the coefficient and explain why it supports or contradicts your intuition.

Answer 1

Answer:

Detailed answer is given in the attached diagram.