You Are the Owner of a Restaurant Located in a Beach

Multiple Choice

You are the owner of a restaurant located in a beach resort in Hawaii and want to use regression analysis to estimate the demand for your fresh seafood dinners. You have collected data on the daily quantity of seafood dinners sold over the last summer season. In order to correctly specify your regression equation, all of the following variables should be considered except which one?

A) the different prices you charged for your seafood dinners
B) the amount spent of advertising your seafood dinners
C) the prices charged for souvenirs in local stores
D) the prices a competing seafood restaurant charged for their dinners