Consider the regression described in Exercise 27 again. The regression analysis gives the model a) Explain what
Question:
Consider the regression described in Exercise 27 again. The regression analysis gives the model
a) Explain what the slope of the line says.
b) If the unemployment Rate is 6.0%, how much do you predict Sales will be?
c) If the unemployment Rate next quarter is 4.0% and Sales are reported as $8.5 billion, is this less than or more than you would predict? By how much? What is that called?
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a The slope is 2994 which means that for every 1 increase in unemployment Rate Sales de...View the full answer
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Related Book For 
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright
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