Question: a. Using the 30-week time series data in the table below, create a new Excel data file and do regression analysis on the data consisting

a. Using the 30-week time series data in the table below, create a new Excel data file and do regression analysis on the data consisting of dependent variable Q and independent variables P, Px, A, and I.

Q = Detergent demand in cases; P = Price per case; Px = Competitor price; A = Advertising expenses; I = Household income.

Week

Q

P

Px

A

I

1

1,290

137

94

814

53,123

2

1,177

147

81

896

51,749

3

1,155

149

89

852

49,881

4

1,299

117

92

854

43,589

5

1,166

135

86

810

42,799

6

1,186

143

79

768

55,565

7

1,293

113

91

978

37,959

8

1,322

111

82

821

47,196

9

1,338

109

81

843

50,163

10

1,160

129

82

849

39,080

11

1,293

124

91

797

43,263

12

1,413

117

76

988

51,291

13

1,299

106

90

914

38,343

14

1,238

135

88

913

39,473

15

1,467

117

99

867

51,501

16

1,089

147

76

785

37,809

17

1,203

124

83

817

41,471

18

1,474

103

98

846

46,663

19

1,235

140

78

768

55,839

20

1,367

115

83

856

47,438

21

1,310

119

76

771

54,348

22

1,331

138

100

947

45,066

23

1,293

122

90

831

44,166

24

1,437

105

86

905

55,380

25

1,165

145

96

996

38,656

26

1,328

138

97

929

46,084

27

1,515

116

97

1,000

52,249

28

1,223

148

84

951

50,855

29

1,293

134

88

848

54,546

30

1,215

127

87

891

38,085








b. Show your regression output.

c. Build and present the regression model (long equation) to predict Q (dependent variable).

d. Interpret the coefficient estimate of each independent variable (i.e, when "A" increases by one unit, what changes occur in "Q"?).

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To perform regression analysis on your data here are the steps you can follow Step 1 Create an Excel Data File 1 Open Excel Start by opening a new Exc... View full answer

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