Question: Milton Maxwell Foods is attempting to use regression analysis to

Milton Maxwell Foods is attempting to use regression analysis to identify factors which might explain the behavior of sales revenue (measured in $ millions) for its franchise restaurants. Dummy variable x5 has been included in the regression model to indicate whether a particular restaurant has curb service. This variable will be assigned a value of β = 0 if the restaurant has no curb service, and a value of 1 if the restaurant has curb service. Suppose the estimated regression coefficient for x5 turns out to be .136. Interpret this result.


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  • CreatedJuly 16, 2015
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