Can you assit me with this problem 13 by showing me the process step by step. I prefer it not be in the form of an excel sheet because it is hard to follow along. Thank you kindly **Transcription for Educational Website:****Title: Understanding the Relationship Between TV Appearances and Guitar Demand****Introduction:**Mark Gershon, owner of a musical instrument distributorship, theorizes that the demand for guitars might be influenced by the number of television appearances by the popular group Maroon 5 during the previous month. He has collected the following data:**Data Table:**| **Maroon 5 TV Appearances** | 4 | 5 | 6 | 6 | 9 | 5 ||----------------------------|---|---|---|---|---|---|| **Demand for Guitars** | 2 | 5 | 6 | 4 | 10 | 7 |*Note:* This exercise includes only parts b, c, and d of the analysis.**Exercise:**b) **Using the Least-Squares Regression Method:**The task is to use the least-squares regression method to forecast the demand for guitars. The equation for forecasting is represented as:\[ Y = \text{[Enter calculated intercept]} + \text{[Enter calculated slope]} \times X \]*Instructions:* Round your responses to four decimal places.**Explanation of Approach:**In this exercise, learners are required to utilize the given data to perform a least-squares regression analysis, which is a statistical technique used to determine a line of best fit and make predictions based on linear data relationships. The calculated equation will allow predictions of guitar demand based on the number of Maroon 5's TV appearances.

X = maroon 5 TV appearance Y = demand for guitar

Math

Statistics

+

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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