The 2012 sales and profits of seven clothes companies were as follows: a. Calculate the sample regression
Question:
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a. Calculate the sample regression line, where t is the dependent variable and sales is the in de pen dent variable.
b. Estimate the 2012 average profit of a clothing firm with 2012 sales of $0.2 billion.
c. Can this regression line be used to predict a clothing firm's profit in 2026? Explain.
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Step by Step Answer:
a Let Y denote profit and X denote sales The regression line is given by Y ...View the full answer
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Related Book For 
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ISBN: 978-0393912777
8th edition
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
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