Kalamia Company tries to forecast the value of its business based on money spent on advertising. The
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Kalamia Company tries to forecast the value of its business based on money spent on advertising. The company has been tracking the relationship between sales and money spent on advertising, summarized in the table below (all numbers expressed in thousands of euro).
Use linear regression analysis to find out the value sales for next year if the company decides to budget €150,000 in advertising expenses.
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