Comment briefly on the meaning of each of the given

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Reference no: EM131530007

Question: A store manager selling TV sets observes the following sales on 10 different days. Calculate the regression of y on x where

y = number of TV sets sold

x = number of sales representatives

Present all the items mentioned in Exercise.

Exercise: Comment briefly on the meaning of each of the following.

(a) Estimated coefficient.

(b) Standard error.

(d) R-squared.

(e) Sum of squared residuals.

(f) Standard error of the regression.

(g) Best linear unbiased estimator.

Reference no: EM131530007

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