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What is the predicted value of y

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Question - The firm uses an analytics approach to support forecasting. The firm uses a linear model to predict whether a potential customer is likely to pay for goods. The model uses y=1 if the custormer paid as agreed, and else y=0 for default. The model uses only one dependent variable, 0.23, which is a firm profitability ratio. The estimated model is as follows: Y = 0.08+ 2X.

What is the predicted value of y when the value of X = 0.23.

Reference no: EM133185565

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