The marketing manager used shelf space for pet food to predict weekly sales (stored in Pet Food)-
Question:
a. Determine the coefficient of determination, r2, and interpret its meaning.
b. Determine the standard error of the estimate.
c. How useful do you think this regression model is for predicting sales?
For Information: Problem 13.4
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a r 2 0684 So 684 of the variation in weekl...View the full answer
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Related Book For
Statistics For Managers Using Microsoft Excel
ISBN: 9780133130805
7th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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