Prediction and forecasting

Say our favorite ice cream shop has asked us to help predict how many ice creams they can expect to sell on a given day. They are convinced that the temperature outside has a strong influence on their sales, so they collected data on the number of ice creams sold at a given temperature. We agree to help them, and the first thing we do is make a scatter plot of the data they gave us:

We can observe an upward trend in the scatter plot: more ice creams are sold at higher temperatures. In order to help out the ice cream shop, though, we need to find a way to make predictions from this data. We can use a technique called ...

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