Build a linear regression model to predict the expected profit of a new catalog from 250 new customers. Based on the prediction, recommend the company to make a decision on potential rollout of the catalog.
The management of the company that manufactures and sells high-end home goods want to determine if they should send print catalog to the 250 new customers in the coming months. If the expected profit contribution from these new customers exceed $10,000, the company will send the catalog. Otherwise, the company will not send the catalog to these new customers.
Build a linear regression model to predict the expected profit of a new catalog from 250 new customers. Based on the prediction, recommend the company to make a decision on potential rollout of the catalog.