Determine the equation of the regression line to predict annual sales of a company from the yearly
Question:
Determine the equation of the regression line to predict annual sales of a company from the yearly stock market volume of shares sold in a recent year. Compute the standard error of the estimate for this model. Does volume of shares sold appear to be a good predictor of a company’s sales? Why or whynot?
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Annual Sales (S billions) 10.5 48.1 64.8 20.1 11.4 123.8 89.0 Annual Volume (millions of shares) Company Merck Altria IBM Eastman Kodak Bristol-Myers Squibb General Motors Ford Motors 728.6 497.9 439.1 377.9 375.5 363.8 276.3
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Volume x Sales y 7286 105 4979 481 4391 648 3779 201 3755 114 3638 1238 2763 890 n 7 x 30591 ...View the full answer
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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