Consider the sales prediction model developed for Northern Household Goods in Example 11.2. a. Estimate per capita
Question:
a. Estimate per capita sales if the mean disposable income is $56,000.
b. Interpret the coefficients b0 and b1 for Northern's management.
c. You have been asked to estimate per capita sales if mean disposable income grows to $64,000. Discuss how you would proceed and indicate your cautions.
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Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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