× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Management
New Topic  
chimeric chimeric
wrote...
Posts: 669
Rep: 0 0
6 years ago
An electronics company is looking to develop a regression model to predict the number of units sold for a special running watch. Data is provided below:

Sales (units)   Price ($)   Advertising ($)
500   100   50
480   120   40
485   110   45
510   103   55
490   108   40
488   109   30
496   106   45

Use model building to determine the best prediction equation for Sales, based on highest adjusted r2.
Textbook 
Quantitative Analysis for Management

Quantitative Analysis for Management


Edition: 12th
Authors:
Read 56 times
1 Reply

Related Topics

Replies
wrote...
#1
6 years ago
Y = 578.87 - 0.10X1 + 50X2 where X1 = price and X2 = advertising. Adjusted r2 = 0.7268.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1270 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 270
  
 629
  
 459