Question

Which are the independent, dependent, and dummy variables?

Years	Weekend	Daily Tour Income	Daily Gross Revenue	Number of Tourists
1	Friday	3378	4838.95	432
1	Saturday	1198	3487.78	139
1	Sunday	3630	4371.3	467
2	Friday	4550	6486.48	546
2	Saturday	2467	3437.39	198
2	Sunday	3593	4571.43	452
3	Friday	898	2515.15	119
3	Saturday	2812	5462.11	342
3	Sunday	2650	5498.89	321
4	Friday	3230	5071.14	402
4	Saturday	4798	8051.43	523
4	Sunday	3253	4291.95	353
5	Friday	2848	4545	347
5	Saturday	4632	8865.01	534
5	Sunday	3767	4710.64	412

Answer 1

if we want to predict the Daily Tour Income by using daily gross revenue, number of tourist, weekend and number of year, then we have the following data variables

Independent variable :- daily gross revenue, number of tourist, number of year and weekend

Dependent variable = daily tour income

Dummy variable = weekend because it can use three different days, i.e. friday, saturday and sunday

Equation will look like

Daily tour income = Intercept + (a*daily gross revenue)+(b*number of tourist)+(c*number of year)+(d*weekend)

where a,b,c and d are slopes