Why regression model has been proposed to predict sales

Reference no: EM13200613

the following regression model has been proposed to predict sales at a computer store. y = 50 - 3x1 + 20x2 + 10x3 where x1 = competitor's previous day's sales (in $1000s), x2 = population within 1 mile (in 1,000s) x3 1.) if radio advertising was used 2.) if otherwise y = sales (in $1000s). predict sales (in dollars) for a store with the competitor's previous day's sale of $5000, a population of 20,000 within i mile , and nine radio advertisements

Reference no: EM13200613

Questions Cloud

Effect of reducing the companys stock price : Provide a specific example of a company that took an action that might have increased short run profits but had the effect of reducing the company's stock price and market value

How to formulate a new hypothesis statement : Formulate a new hypothesis statement and perform the five-step hypothesis test on the data.

Calculate profit under the monopoly conditions : Joe's t-shirt shop is located in a small college town. the majority of business is custom t shirts for university book stores. as a sideline, they also sell t-shirts locally. the local demand is Q=200-5P. calculate output, price, and profit under ..

Explain the probation process : Explain your findings within each researched item above. What was significant about the information? What did your research indicate in terms of probation’s effectiveness? Explain the probation process.

Why regression model has been proposed to predict sales : the following regression model has been proposed to predict sales at a computer store. y = 50 - 3x1 + 20x2 + 10x3 where x1 = competitor's previous day's sales (in $1000s), x2 = population within 1 mile (in 1,000s) x3 1.) if radio advertising was u..

Define the scores on a certain test are normally distributed : The scores on a certain test are normally distributed with a mean score of 51 and a standard deviation of 2. What is the probability that a sample of 90 students

State if jules wants to use the recipe to make a cake : A certain cake recipe states that the cake should be baked in a pan 8 inches in diameter. If Jules wants to use the recipe to make a cake of the same depth but 12 inches in diameter

How do the exchange rates vary the results : Explain why the results vary so much and how do the exchange rates vary the results more than expected here

Includes online-instant messaging-live chat-discussion board : You have been asked to help new students out with the many new and exciting issues surrounding online education at AIU. For example, the Virtual Campus has many exciting and important features to enhance a new students learning experience. This inclu..

User Account

All Pages