A marketing analyst runs a bivariate regression model to forecast sales at a retail store based on

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A marketing analyst runs a bivariate regression model to forecast sales at a retail store based on advertising. Her model returns the following parameter estimates:

b0: 131.1

b1: 94.6

Standard Error: 61.8

She wished to forecast sales for a store where advertising equals 124. What is the forecastedmean of the sales distribution for this store? Enter your answer rounded tothe nearest whole number.

Posted Date: May 17, 2024 07:05 PM

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A marketing analyst runs a bivariate regression model to forecast sales at a retail store based on

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