Instagram has become an essential tool for social marketing. It boasts 400 million monthly active users, 80

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Instagram has become an essential tool for social marketing. It boasts 400 million monthly active users, 80 million posts each day, and 3.5 billion daily likes. An audience that engaged is hard to ignore, and as of today, 90% of the top brands in the world are using Instagram to get their piece of the proverbial pie. The main goal is user engagement. Use the Excel file Instagram.xlsx to estimate what determines engagement. The file includes data on User Engagement, Followers, Videos, and Photos.

a. Construct a regression model using the variables Followers, Photos, and Videos as independent variables.

b. Interpret the meaning of the regression coefficients.

c. Predict the average number of engagements for 1,000,000 Followers, 30 Photos, and 5 videos.

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Related Book For  answer-question

Business Statistics

ISBN: 9780134685267

3rd Edition

Authors: Robert A. Donnelly

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